PART 2Amendment of primary legislation
Part 7 of the Companies Act 1989I12
1
The Companies Act 1989 M1 is amended as follows.
2
In section 170A M2 (EEA central counterparties and third country central counterparties)—
a
in the heading, for “EEA central counterparties and third” substitute “
Third
”
;
b
in subsection (1)—
i
omit paragraphs (b) and (c);
ii
in paragraph (e), for “an EEA central counterparty or” substitute “
a
”
;
c
in subsection (2), omit “an EEA central counterparty or”;
d
in subsection (3)—
i
in subsection (1) of the substituted section 157 (change in default rules), for “
An EEA central counterparty or a
”
substitute “A”;
ii
in subsection (3) of the substituted section 157, for “
an EEA central counterparty or
”
substitute “, a”;
e
in subsection (4), omit “an EEA central counterparty or”;
f
in subsection (5), for “an EEA central counterparty or” substitute “
a
”
.
3
In section 170B M3 (EEA central counterparties and third country central counterparties: procedure)—
a
in the heading, for “EEA central counterparties and third” substitute “
Third
”
;
b
in subsection (1), for “An EEA central counterparty or” substitute “
A
”
;
c
in subsections (5), (9), and (10) omit “EEA central counterparty or” in each place it occurs;
d
in subsection (11), omit “, the EBA or ESMA”.
4
In section 170C M4 (EEA CSDs and third country CSDs)—
a
in the heading, for “EEA CSDs and third” substitute “
Third
”
;
b
omit “an EEA CSD or ” in each place it occurs.
5
In section 176(2)(aa) M5 (power to make provision about certain other charges), omit “an EEA CSD or”.
6
In section 183(3) M6 (insolvency proceedings in other jurisdictions), omit the words “or Regulation” to the end.
7
In section 190(1) M7 (minor definitions), in the definition which begins “EEA CSD”—
a
omit “ “EEA CSD”,”;
b
before “and” insert “
, “third country central counterparty”
”
.
8
In section 191 M8 (index of defined expressions), in the table—
a
omit the entry for “EEA CSD”;
b
insert at the appropriate place—
third country central counterparty
Section 190(1)