(1) The Minister may make provision by regulations for enabling title to securities to be evidenced and transferred without a written instrument.
(1A) Subject to any exceptions that may be specified in the regulations, the regulations may, in respect of -
(a) securities of companies admitted to trading on a regulated market,
(b) securities of 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).
(2) In this section -
(a) "securities" means shares, stock, debentures, debenture stock, loan stock, bonds, units in undertakings for collective investments in transferable securities within the meaning of the European Communities