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#equity #formalities #law
Regulation 38(5) of the Uncertificated Securities Regulations 2001, SI 2001/3755 disapplies s 53(1)(c) for the transfer of equitable interests in shares in public companies the title to which is held by custodians under an electronic trading system owned and operated by CREST Co Ltd. This is vital for the efficient share trading of shares in public companies.
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