(1) Subject to regulation 16(7), an entry on a register mentioned in paragraph (1) or (2) of regulation 10 which records a person as holding units of a security in uncertificated form shall be evidence of such title to the units as would be evidenced if the entry on the register related to units of that security held in certificated form.
(2) Subject to regulation 16(7), an entry on a register maintained by virtue of paragraph (3) of regulation 10 shall be prima facie evidence that the person to whom the entry relates has such title to the units of the security which that person is recorded as holding in uncertificated form as if the units were held in certificated form.