283. Effect of stop notice

(1) A stop notice takes effect when it is served in accordance with Rule 282 (3) and remains in force unless it is withdrawn or discharged in accordance with the relevant practice direction.
(2) While a stop notice is in force, the person on whom it is served must not register a transfer of the securities described in the notice or take any other step restrained by the notice without first giving 14 days' notice to the person who obtained the stop notice.
(3) The person on whom the stop notice is served may not, by reason only of the notice, refuse to register a transfer or to take any other step, after he has given 14 days' notice under paragraph (2) and that period has expired.