Consequential amendments to the Financial Services (Banking Reform) Act 2013U.K.
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Memorandwm Esboniadol
3.—(1) The Financial Services (Banking Reform) Act 2013 M1 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”.