The Financial Markets and Insolvency Regulations 1991
This section has no associated Explanatory Memorandum
11.—(1) The Financial Markets and Insolvency Regulations 1991(1) are amended as follows.
(2) In regulation 7 (interpretation of Part V)(2) 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)(3)—
(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”.