The Financial Services Act 1986U.K.
11. In subsection (1) of section 180 of the 1986 Act, after paragraph (n) the following paragraph shall be added—U.K.
“(nn)to an Operator approved under the Uncertificated Securities Regulations 2001 if the information is necessary to ensure the proper functioning of a relevant system within the meaning of those Regulations in relation to defaults and potential defaults by market-participants;”.
Commencement Information
I1Sch. 7 para. 11 in force at 26.11.2001, see reg. 1
12. In the 1986 Act, in—U.K.
(a)paragraph 16A(a) of Schedule 1;
(b)Note (3) to that paragraph; and
(c)subparagraph (5B)(a) of paragraph 18 of Schedule 1,
for “Uncertificated Securities Regulations 1995” in each place where it occurs there shall be substituted “Uncertificated Securities Regulations 2001”.
Commencement Information
I2Sch. 7 para. 12 in force at 26.11.2001, see reg. 1