Uncertificated System definition

Uncertificated System means a relevant system (as such is defined in the Uncertificated Regulations).

Uncertificated System means the CREST system or any other applicable system which is a "relevant system" for the purpose of the Uncertificated Securities Regulations.

Uncertificated System means any computer based system and its related facilities and procedures that are provided by an Authorised Operator and by means of which title to units of a security (including shares) can be evidenced and transferred in accordance with the Regulations without a written certificate or instrument; and

Examples of Uncertificated System in a sentence

• If he elects to have some other person registered he shall, in the case of a certificated share, execute an instrument of transfer of such shares to that person and, in the case of an uncertificated share, either procure that all appropriate instructions are given by means of the Uncertificated System to effect the transfer of such share to such person or change the uncertificated share to certificated form and then execute an instrument of transfer of such share to such person.

• Shares of any class may be traded through an Uncertificated System and held in Uncertificated form in accordance with such arrangements as may from time to time be permitted by any statute, regulation, order, instrument or rule in force affecting the Company.

• If the payment is made on behalf of the Company through the Uncertificated System the Company shall not be responsible for any default in accounting for such payment to the member or other person entitled to such payment by a bank or other financial intermediary of which the member or other person is a customer for settlement purposes in connection with the Uncertificated System.

• If the Member does not comply with the notice, the Board may authorise any person to instruct the operator of the Uncertificated System to change the Default Shares held in Uncertificated form to Certificated form.

• The Company may make, or procure the making of, any payment in respect of a member's uncertificated shares through the Uncertificated System in accordance with any authority given to the Company to do so (whether in writing, through the Uncertificated System or otherwise) by or on behalf of the member in a form satisfactory to the Board.

More Definitions of Uncertificated System

Uncertificated System means a relevant system as defined in the Uncertificated Regulations;

Uncertificated System means any applicable system which is a “relevant system” (for the purposes of the Uncertificated Securities Regulations), any applicable successor or similar or alternative system to such a “relevant system”;

Uncertificated System means any computer‐based system and its related facilities and

Uncertificated System means any computer-based system and its related facilities and

Uncertificated System means a relevant system as defined in the Uncertificated Regulations (and including, in particular, at the date of adoption of these Bye-laws, the UK CREST system)

Uncertificated System means the facilities and procedures for the time being of the relevant system of which Euroclear has been approved as operator pursuant to the applicable Regulations and any relevant system or other computer based system and its related facilities and procedures by means of which title to units of a security (including shares) can be endowed and transferred without a written certificate of instrument, as determined from time to time by the directors.

Uncertificated System means a relevant system (as such is defined in the CREST Regulations).