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causing dematerialised instructions to be sent

    the regulated activity, specified in article 45(2) of the Regulated Activities Order, which is in summary: causing dematerialised instructions relating to a security to be sent by means of a relevant system in respect of which an operator is approved under the 1995 Regulations where the person causing them to be sent is a system-participant;in this definition:

      1. (a) "the 1995 Regulations" means the Uncertificated Securities Regulations 1995 (SI 1995/3272);
      1. (b) "dematerialised instruction", "operator" and "system-participant" have the meaning given by regulation 3 of the 1995 Regulations.3