The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018, Section 3 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
3.—(1) The Central Securities Depositories Regulations 2017 M1 are amended as follows.
(2) In regulation 7—
(a)in paragraph (2)(a), for “directly applicable EU regulation” substitute “ retained EU law ”;
(b)in paragraph (5)(b), for “directly applicable EU regulation” substitute “ retained EU law ”.
(3) In regulation 8—
(a)omit paragraph (2);
(b)in paragraph (3)—
(i)for “an EEA State” substitute “ the United Kingdom ”;
(ii)for “69(3)” substitute “ 69(1) ” each time it occurs;
(c)in paragraph (5), at the end, insert “ or which immediately before [F1IP completion day] was authorised under Article 16 of the CSD regulation ”.
Textual Amendments
F1Words in reg. 3(3)(c) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 8(a)
Commencement Information
I1Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
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