22Notification of inscription of stock etc

22 Notification of inscription of stock etc

(1) Upon inscribing stock or cancelling the inscription of stock in the name of a person, a Registrar shall, unless the person signifies in writing that he or she does not require such notification, notify the person accordingly in writing.

(2) Where stock is inscribed in a stock ledger in the names of persons as joint owners or the inscription of stock in a stock ledger in the names of persons as joint owners is cancelled, it is sufficient compliance with the last preceding subregulation if the person whose name is first inscribed is notified.

(3) This regulation does not apply in relation to the inscription, or the cancellation of the inscription, of stock for the purposes of the redemption, transmission or conversion of stock.