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Changes over time for: Section 12
Timeline of Changes
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Version Superseded: 29/08/2023
Status:
Point in time view as at 30/10/2019. This version of this provision has been superseded.
Status
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Changes to legislation:
There are currently no known outstanding effects for the The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019, Section 12.
Changes to Legislation
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This section has no associated Explanatory Memorandum
12. In regulation 11(definitions) —
(a)in paragraph (7), in the new point (8) to be substituted by that paragraph, in the definition of “ financial counterparty ”
(i)in sub-paragraph (d), at the end insert “ unless that UCITS is set up exclusively for the purposes of serving one or more employee share purchase plans ”;
(ii)omit the “or” at the end of sub-paragraph (e);
(iii)in sub-paragraph (f)—
(aa)after “Regulations 2013)” insert “ which is either established in the UK or ”;
(bb)at the end insert “ unless that AIF is set up exclusively for the purpose of serving one or more employee share purchase plans or unless that AIF is a securitisation special purpose entity as defined in Article 4.1(an) of Directive 2011/61/EU, and where relevant, its AIFM is established in the United Kingdom; or ”;
(iv)at the end insert—
“(g)a central securities depository authorised in accordance with Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories .”;
(b)in paragraph (9), in the new point (13) to be substituted by that paragraph, in the definition of “ competent authority ”, in point (a), for “paragraphs (a) to (f)” substitute “ paragraphs (a) to (g) ”.
Commencement Information
Marginal Citations
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