PART III MISCELLANEOUS AMENDMENTS OF THE PRINCIPAL ORDER
Specified activities: disapplication of exclusions in relation to investment firms11
In article 4(4)(b) of the principal Order, for “articles 15, 68, 69 and 70” substitute “
articles 15, 16, 19, 22, 23, 29, 38, 68, 69 and 70
”
.
Accepting deposits: sums received in consideration for the issue of debt securities12
For article 9(3) of the principal Order substitute—
3
In paragraph (2), “commercial paper” means an investment of the kind specified by article 77 or 78 having a maturity of less than one year from the date of issue.
Sending dematerialised instructions13
1
In paragraph (1) of article 45 of the principal Order—
a
after “security” insert “
or a contractually based investment
”
;
b
for “1995” substitute “
2001
”
.
2
In paragraph (2) of that article, after “security” insert “
or a contractually based investment
”
.
3
In paragraph (3) of that article—
a
for sub-paragraph (a) substitute—
a
“the 2001 Regulations” means the Uncertificated Securities Regulations 2001 M1;
b
in sub-paragraph (b), for “1995” substitute “
2001
”
.
4
In articles 46, 49 and 69(8) of the principal Order, for “1995” substitute “
2001
”
.