The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003
These Regulations amend the Uncertificated Securities Regulations 2001 (S.I. 2001/3755) (“the principal regulations”) to allow for the evidencing and transfer of title to “eligible debt securities” by means of a “relevant system” as defined in the principal regulations. “Eligible debt securities” principally comprise the non-material equivalents of the certificated securities known as money market instruments.