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The Financial Markets and Insolvency (CGO Service) Regulations 1999
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- UK Statutory Instruments
- 1999 No. 1209
- Regulation 3
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Amendment of the principal Regulations
3.—(1) Regulation 7 of the principal Regulations (interpretation) shall be amended–
(a)by deleting the definition of “CGO”;
(b)in the definition of “CGO Service member” by substituting for the words “the Bank” the words “CRESTCo Limited (which is now responsible for operating the CGO Service)”;
(c)in the definition of “former CGO Service member” by deleting the words “by contract with the Bank”; and
(d)in the definition “settlement bank” by substituting for the words “the Bank” the words “CRESTCo Limited (which is now responsible for operating the CGO Service)”.
(2) Regulation 12 of the principal Regulations (circumstances in which CGO charge to be treated as market charge) shall be amended by substituting for the expression “CGO” the words “CGO Service”.
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