(1) This regulation shall apply in relation to any uncertificated units of a security to which a notice given pursuant to section 204 (1) of the 1963 Act relates.
(2) On receipt of a notice transmitted pursuant to section 204 (5) of the 1963 Act, a company which is a participating issuer shall on the expiration of one month from the date on which this notification was made enter the transferee company in its register of securities as the holder of the uncertificated units of the security to which the notice relates in place of the system-member who was immediately prior to such entry registered as the holder of such units as if it had received an operator-instruction requiring it to amend its register of securities in such manner.
(3) A company which amends its register of securities in accordance with paragraph (2) shall forthwith notify the operator by issuer-instruction of the amendment.
(4) In this regulation, "the transferee company" has the same meaning as in section 204(1) of th
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