Regulation 51

The National Debt Act 1870

1. In section 3 of the National Debt Act 1870 [1870 c. 71.], for the definition of "Stockholder" there shall be substituted -

""Stockholder" means a person holding stock, being entered as such in -

(a) a register kept by the Bank of England or the Bank of Ireland under regulation 1 of the Government Stock Regulations 1965; or

(b) a register kept by the Operator of a relevant system under the Uncertificated Securities Regulations 2001 (and "Operator" and "relevant system" shall have the same meanings as they have in those Regulations):".

The National Debt (Stockholders Relief) Act 1892

2. In subsection (1) of section 2 of the National Debt (Stockholders Relief) Act 1892 [1892 c. 39; section 2 was substituted by section 108(1) of the Finance Act 1997 (c. 16).], for the word "inscribed" there shall be substituted "entered in a relevant register".

The Finance (No. 2) Act 1915

3. In section 48 of the Finance (No. 2) Act 1915 [1915 c. 89; the relevant amendment to section 48 was made by section 108(1) of the Post Office Act 1969 (c. 48).] -

(a) after "Director of Savings," there shall be inserted "to the Operator of any relevant system"; and