PART 2Amendment of primary legislation
Consequential amendments to the Companies Act 2006
2.—(1) The Companies Act 2006 is amended as follows.
(2) In paragraph 41 of Part 2 of Schedule 2(1) (specified persons, descriptions of disclosures etc. for the purposes of section 948 of the Companies Act 2006), for “approved under the Uncertificated Securities Regulations 2001 (SI 2001/3755) as an operator of a relevant system (within the meaning of those Regulations)” substitute “who is an operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001 (SI 2001/3755)”.
(3) In paragraph 56 of Part 2 of Schedule 11A(2) (specified persons, descriptions, disclosures etc. for the purposes of section 1224A of the Companies Act 2006), for “approved under the Uncertificated Securities Regulations 2001 (SI 2001/3755) as an operator of a relevant system (within the meaning of those regulations)” substitute “who is an operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001 (SI 2001/3755)”.
Consequential amendments to the Financial Services (Banking Reform) Act 2013
3.—(1) The Financial Services (Banking Reform) Act 2013(3) is amended as follows.
(2) In section 41(2)(d) (meaning of “payment system”), after “recognised clearing house” insert “or a recognised CSD”.
(3) In section 112(2)(b) (interpretation: infrastructure companies) omit “operating a securities settlement system”.
(4) In section 115(1A) (objective of FMI administration) omit “operating a securities settlement system”.
Schedule 2 was substituted by S.I. 2009/1208.
Schedule 11A was inserted by S.I. 2007/3494.
2013 c.33. Sections 41, 112 and 115 were amended by SI 2017/1064. There are other amendments which are not relevant.