The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019

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”.

(2)

Definition inserted by S.I. 2017/1064 Sch.1(2) para.20(3)(b).

(3)

Inserted by S.I. 2017/1064.