The Stock Transfer (Gilt-Edged Securities) (CGO Service) (Amendment) Regulations 1997
These Regulations amend the Stock Transfer (Gilt-Edged Securities) (CGO Service) (Regulations) 1985 to make provision in connection with strips of Government stock or bonds. The amendments enable the Bank of England to effect a transfer of strips through the CGO Service notwithstanding that the registered holder’s membership of that Service has been suspended or terminated. In such circumstances, the amendments enable the Bank to effect such a transfer on the instructions of any person whose instructions the Bank would be entitled to accept as sufficient authority to effect a transfer by instrument in writing of the strips (or, if strips are not transferable by instrument in writing, any stock held by the relevant person which would be so transferable).