Stock Transfer (Addition of Forms) Order 1979
| Jurisdiction | UK Non-devolved |
| Citation | SI 1979/277 |
| Year | 1979 |
1979 No. 277
SECURITIES
The Stock Transfer (Addition of Forms) Order 19797thMarch 1979
14thMarch 1979
4thApril 1979
The Treasury, in exercise of the powers conferred on them by section 3(2) of the Stock Transfer Act 1963(a) and of all other powers enabling them in that behalf, hereby make the following Order:—
1. This Order may be cited as the Stock Transfer (Addition of Forms) Order 1979 and shall come into operation on 4th April 1979.
2. Schedule 1 to the Stock Transfer Act 1963 shall be amended by adding thereto:—
(a) the form set out in Schedule 1 to this Order (hereinafter referred to as a sold transfer form), for use where registered securities to which section 1 of that Act applies are transferred to a stock exchange nominee as an alternative to the stock transfer form set out in Schedule 1 to that Act;
(b) the form set out in Schedule 2 to this Order (hereinafter referred to as a bought transfer form), for use where such securities are transferred from a stock exchange nominee as an alternative to the stock transfer form set out in Schedule 1 to that Act.
3.—(1) Section 1 of the Stock Transfer Act 1963 shall have effect subject to the amendment that a sold transfer form, and a stock transfer form used to transfer securities to a stock exchange nominee, need not specify—
(a) particulars of the consideration;
(b) the address of the transferee.
(2) Section 1 of that Act shall have effect subject to the further amendment that a bought transfer form, and a stock transfer form used to transfer securities from a stock exchange nominee, need not, in the case of a transferor which is a body corporate, be executed under hand but shall be sufficiently executed by or on behalf of such transferor if they bear a facsimile of the corporate seal of the transferor, authenticated by the signature (whether actual or facsimile) of a director or the secretary of the transferor.
(a) 1963 c. 18; section 3(2) was extended by section 6 of the Stock Exchange (Completion of Bargains) Act 1976 (c. 47).
4. In this Order "stock exchange nominee" has the same meaning as that given to it by section 7(2) of the Stock Exchange (Completion of Bargains) Act 1976(a).
Peter Snape, J. Dormand, Two of the Lords Commissioners of Her Majesty's Treasury.
7th March 1979.
(a) 1976 c. 47.
EXPLANATORY NOTE
(This Note is not part of the Order.)
This Order amends Schedule 1 to the Stock Transfer Act 1963 by adding forms for use, as alternatives to the stock transfer form...
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