(1) Regulations under this Chapter may make provision—
(a) enabling the members of a company or of any designated class of companies to adopt, by ordinary resolution, arrangements under which title to securities is required to be evidenced or transferred (or both) without a written instrument; or
(b) requiring companies, or any designated class of companies, to adopt such arrangements.
(2) The regulations may make such provision—
(a) in respect of all securities issued by a company, or
(b) in respect of all securities of a specified description.
(3) The arrangements provided for by regulations making such provision as is mentioned in
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