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43.—(1) The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 M1 are amended as follows.
(2) In regulation 2(1) (interpretation) at the appropriate place insert—
““recognised CSD” has the meaning given in section 285(1) of the Act;”.
(3) In regulation 3 (designation of competent authorities), in paragraph (2), after “recognised central counterparty” insert “ or a recognised CSD ”.
(4) In regulation 4 (meaning of “non-authorised counterparty”)—
(a)omit “or” at the end of paragraph (b);
(b)after paragraph (c) insert—
“or
(d)a recognised CSD.”.
(5) In regulation 11 (temporary prohibition orders), in paragraph (7)(a), after “recognised central counterparty” insert “ or a recognised CSD ”.
(6) In regulation 12 (temporary prohibition orders: procedure), in paragraph (1)(a)(i), after “recognised central counterparty” insert “ or a recognised CSD ”.
(7) In regulation 13 (contravention of temporary prohibition order by a recognised body), in paragraph (a)(i), after “recognised central counterparty” insert “ or a recognised CSD ”.
(8) In regulation 23 (injunctions), in paragraph (6)(b), after “recognised central counterparty” insert “ or a recognised CSD ”.
Marginal Citations