Section 6 of the Statute of Frauds Act (Ireland), 1695 and section 28 (6) of the Supreme Court of Judicature (Ireland) Act, 1877 and any other rule of law requiring the execution under hand or seal of a document in writing for the transfer of property, shall not apply (if they would otherwise do so) to any transfer of title to uncertificated units of a security through a relevant system.