
1 
These Rules may be cited as the Exchange of Securities (General) (Amendment) Rules 1985 and shall come into operation on 2nd January 1986.
2 
The Exchange of Securities (General) Rules 1979 shall be amended in Rule 3—
(a) by inserting after the definition of “curator” the definitions—“

 “the CGO Service” means the computer-based system established by the Bank of England and the Stock Exchange to facilitate the transfer of gilt-edged securities; and “CGO Service member” means a person who is entitled under a contract with the Bank to use the CGO Service;
”;and
(b) by inserting after the definition of “exchange” the definition—“

 “an exempt transfer” means a transfer of gilt-edged securities from a CGO Service member through the medium of the CGO Service;
”.
3 
The Exchange of Securities (General) Rules 1979 shall be amended in Rule 6(1) by substituting for sub-paragraph (c) the following sub-paragraph:—“

(c) except where the acceptance relates to a holding entered in the registers of the Bank of England in the name of a CGO Service member and which at the time of such acceptance is transferable by means of an exempt transfer, be accompanied by the Bond Book or certificate of title relating to the holding; and
”
Ian B. Lang
Donald Thompson
Two of the Lords Commissioners of Her Majesty's Treasury
24th July 1985