(1) The Minister may make provision by regulations for enabling or requiring title to securities or any class of securities to be evidenced and transferred without a written instrument.
(2) Subject to any exceptions that may be specified in the regulations, the regulations may, in respect of -
(a) securities of public limited companies admitted to trading on a regulated market,
(b) securities of public limited companies admitted to trading on a market other than a regulated market, or
(c) securities of public limited companies of a specified class,
provide that the means provided by the regulations for evidencing and transferring title to such securities shall constitute the sole and exclusive means for doing so (and accordingly, that any purported transfer of such securities otherwise than by those means shall be void).
(3) In this section -
(a) "securities" means transferable securities as defined by Directive 2004/39/EC of the European Parliament and the Council of 21 April 2004;
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