S.I. No. 117/1987 - Stock Transfer (Forms) Regulations, 1987.

S.I. No. 117 of 1987.

STOCK TRANSFER (FORMS) REGULATIONS, 1987.

I, RAY MACSHARRY, Minister for Finance, in exercise of the powers conferred on me by section 5 of the Stock Transfer Act, 1963 (No. 34 of 1963), as amended by section 8 of the Companies (Amendment) Act, 1977 (No. 31 of 1977), hereby make the following Regulations:

1. These Regulations may be cited as the Stock Transfer (Forms) Regulations, 1987.

2. These Regulations shall come into operation on the 30th day of April, 1987.

3. The Stock Transfer Act, 1963 (No. 34 of 1963), is hereby amended by the insertion after paragraph (b) (inserted by the Stock Transfer (Forms) Regulations, 1980 ( S.I. No. 139 of 1980 )) in the proviso to section 2 (1) of the following paragraph—

"(c) in the case of an instrument in the forms set out in Parts I and II of the Schedule to the Stock Transfer (Forms) Regulations, 1987, and inserted in the First Schedule, or, as the case may be, the Second Schedule, to this Act, by Regulation 4 of those Regulations, the instrument shall not specify particulars of the consideration."

4. (1) The First Schedule to the Stock Transfer Act, 1963 , is hereby amended by the addition thereto of the form set out in Part I of the Schedule to these Regulations for use in the case of a transfer of registered securities which are securities of the Government to which section 2 of that Act applies as an alternative to the stock transfer form set out in the said First Schedule.

(2) The Second Schedule to the Stock Transfer Act, 1963 , is hereby amended by the addition thereto of the form set out in Part II of the Schedule to these Regulations for use in the case of a transfer of registered securities which are securities of the Government to which section 2 of that Act applies as an alternative to the brokers transfer form set out in the said Second Schedule.

SCHEDULE

PART I

STOCK TRANSFER FORM

(Above this line for Registrars only)
Certificate lodged with the Registrar
(For completion by the Registrar/Stock Exchange)
Full name of Undertaking
Full description of Security
Amount of security and, in figures column only, number and denomination of units, if any.	Words					Figures (units of)
Name(s) of registered holder(s) should be given in full; the address should be given where there is only one holder.	In the name(s) of
If the transfer is not made by the registered holder(s) insert also the name(s) and capacity (e.g., Executor(s)) of the person(s) making the transfer.
I/We hereby transfer the above security out of the name(s) aforesaid to the person(s) named below or to the several persons named in Parts 2 of Brokers Transfer Forms relating to the above security:					Stamp of Selling Broker(s) for transactions which are stock exchange transactions Agent(s), if any, acting for the transferor(s).
Delete words in italics except for stock exchange transactions.
Signature(s) of transferor(s)
1............................................................ .
2............................................................
3............................................................
4............................................................					Date................................
Bodies corporate should execute under their common seal

Full name(s) and full postal address(es) (including County or, if applicable, Postal District number) of the person(s) to whom the security is transferred.
Please state title, if any, or whether Mr., Mrs., or Miss. Please complete in type-writing or in Block Capitals.
I/We request that such entries be made in the register as are necessary to give effect to this transfer.
Stamp of Buying Broker(s) (if any)			Stamp or name and address of person lodging this form (if other than the Buying Broker(s))

The security represented by the transfer overleaf has been sold as follows:—
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
......................................................Stock				......................................................Stock
Balance (if any) due to Selling Broker(s)				......................................................
Amount of Certificate(s)
Brokers Transfer Forms for above amounts certified				Stamp of Selling Broker(s)
Stamp of certifying Stock Exchange
PART II FORM (BROKERS TRANSFER)
(Above this line for Registrars only)
Certificate lodged with the Registrar
(For completion by the Registrar/Stock Exchange)
PART I
Full name of Undertaking
Full description of Security
Amount of security and, in figures column only, number and denomination of units, if any.		Words					Figures (units of)
Name(s) of registered holder(s) should be given in full; the address should be given where there is only one holder.		In the name(s) of
If the transfer is not made by the registered holder(s) insert also the name(s) and capacity (e.g., Executor(s)) of the person(s) making the transfer.
I/We confirm that the Stock Transfer Form relating to the security set out above been lodged with the Registrar, and that the said security has been sold by me/us a stock exchange transaction within the meaning of the Stock Transfer Act, 1963 , amended.

Date and Stamp of Selling Broker(s)

PART 2
Full name(s) and full postal address(es) (including County or, if applicable. Postal District number) of the person(s) to whom the security is transferred.
Please state title, if any, or whether Mr., Mrs. or Miss. Please complete in typewriting or in Block Capitals.
I/We confirm that the security set out in Part I above has been purchased by a stock exchange transaction within the meaning of the Stock Transfer Act, 1963 , as amended and I/we request that such entries be made in the register as are necessary to give effect to this transfer.
Stamp of Buying Broke(s)	Stamp of Lodging Agent (if other than the Buying Broker(s))

GIVEN under my Official Seal, this 14th day of April, 1987.

RAY MAC SHARRY,

Minister for Finance.

EXPLANATORY NOTE.

These Regulations are made for the purpose of providing for the transfer of certain securities of the Government without including details of the consideration on the transfer forms. Prior to these regulations being made it was a legal requirement that details of consideration had to be entered on transfer forms. The ommission of consideration details will contribute to a more efficient system of transferring Government gilts by speeding up the processing of stock transfers.

The two transfer forms which are part of the Regulations are the Stock Transfer Form and the Brokers Transfer Form. The former is for use where stock is being transferred to one investor only; the latter is for use in conunction with a Stock Transfer Form where the stock is being transferred to more than one investor.