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Companies Act, 1990 (Uncertificated Securities) Regulations, 1996 [S.I. No. 68 of 1996]Introductory TextChapter I Citation, Commencement and Interpretation (regs. 1-3)Regulation 1 Citation and ConstructionRegulation 2 CommencementRegulation 3 InterpretationChapter II Transferring and Recording Shares and Securities (regs. 4-25)Regulation 4 Formalities of Transfer of securitiesRegulation 5 Transfer in writingParticipation in respect of sharesRegulation 6 Participation in respect of sharesRegulation 7Regulation 8Regulation 9 Participation in respect of securities other than sharesRegulation 10 Entries on registersRegulation 11 Effect of entries on registersRegulation 12 Rectification of and changes to registers of securitiesRegulation 13 Closing of registersRegulation 14 Attendance and Voting at meetingsRegulation 15 Notice of meetingsRegulation 16 Registration of transfers of securitiesRegulation 17 Registration of linked transfersRegulation 18 Position of a transferee prior to entry on registerRegulation 19 Prohibition on issue of certificatesRegulation 20 Conversion of securities into certificated formRegulation 21 Endorsements on certificatesRegulation 22 Interests in uncertificated unitsRegulation 23 Liabilities of trusteesRegulation 24 Conversion of securities into uncertificated formRegulation 25 New issues in uncertificated formChapter III Approval and Compliance of Operator (regs. 26-34)Regulation 26 Application for ApprovalRegulation 27 Grant of ApprovalRegulation 28 Recognition of operator approved by competent authorityRegulation 29 Delegation of Minister's FunctionsRegulation 30 Appeal to MinisterRegulation 31 Withdrawal of ApprovalRegulation 32 Withdrawal of RecognitionRegulation 33 Compliance order and directionsRegulation 34 Requests for information from the OperatorChapter IV Operation of Automated Transfer and Registration (reg. 35)Regulation 35 Properly authenticated dematerialised instructionsChapter V Minority Shareholders (reg. 36)Regulation 36 Notices under section 204 of the 1963 ActChapter VI Supplementary and Incidental (reg. 37)Regulation 37 Evidence of system-entriesSchedule - Requirements for approval of an operatorGiven underExplanatory Note
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AI Summary of Regulation 27 Grant of Approval

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 1996 - onwards
Version 2 of 2

Regulation 27 Grant of Approval

(1) If, on an application made under regulation 26, it appears that the requirements of the Schedule are satisfied with respect to the application, the Minister may, subject to the following paragraphs of this regulation, approve a person (in these regulations referred to as an approved operator) to operate a relevant system.

(2) Approval of an operator under this regulation shall be by written instrument and may be subject to the fulfilment of conditions specified by the Minister to ensure compliance with these regulations and shall state the date on which it takes effect and may state the date on which it terminates.

(3) Approval under this regulation shall be without prejudice to the requirements of the Competition Act, 1991.

(4) Where the Minister refuses to approve an operator on the basis of an application made under regulation 26 the Minister shall so inform the applicant in writing stating the reasons for the refusal.

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