PART 3Amendment of secondary legislation

The Financial Markets and Insolvency Regulations 199111

1

The Financial Markets and Insolvency Regulations 199123 are amended as follows.

2

In regulation 7 (interpretation of Part V)24 omit the definition of “EEA CSD”.

3

In regulation 11A (extent to which charge granted in favour of recognised CSD to be treated as market charge)25

a

in the opening words of paragraph (2), for “an EEA CSD or” substitute “a”;

b

in paragraphs (2)(a) and (b) omit “EEA CSD or”.