
1991 No. 1145
SECURITIES
The Stock Transfer (Gilt-Edged Securities) (Exempt Transfer)Regulations 1991
Made 15th April 1991
Laid before Parliament 10th May 1991
Coming into force 1st June 1991

Whereas the securities which are the subject of these Regulationsare for the time being specified in the list in Schedule 1 to the StockTransfer Act 1982;
And whereas the person issuing such securities has agreed that thesecurities may be transferred through the medium of a computer-basedsystem established by the Bank of England and The International StockExchange:

Now, therefore, the Treasury, in exercise of the powers conferredon them by section 1(1) and (4) of the Stock Transfer Act 1982, and ofall other powers enabling them in that behalf, hereby make the followingRegulations:—
Citation and commencement
1 
These Regulations may be cited as the Stock Transfer (Gilt-EdgedSecurities) (Exempt Transfer) Regulations 1991 and shall come into forceon 1st June 1991.
Interpretation
2 
In these Regulations:—
 “the Bank” means the Bank of England;
 “the CGO” means the Central Gilts Office of the Bank;
 “the CGO Service” means the computer-based system established by the Bank and TheInternational Stock Exchange to facilitate the transfer of gilt-edgedsecurities; and“CGO Service member” means a person who is entitled under a contract with the Bank touse the CGO Service.
Exempt Transfers
3 
Securities on registers kept by the Bank which have been issued inthe United Kingdom or which may from time to time be issued in theUnited Kingdom by the European Bank for Reconstruction and Developmentmay be transferred by a CGO Service member through the medium of the CGOService.
Thomas Sackville
Sydney Chapman
Two of the Lords Commissioners of Her Majesty’s Treasury
15th April 1991