SCHEDULE 2Amendments to secondary legislation

Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

1.

(1)

The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M1 is amended as follows.

(2)

In article 3(1) (interpretation) for the definition of “trade repository” substitute—

““trade repository” means—

(a)

a person registered with ESMA under Article 55 of Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories or a person recognised by ESMA under Article 77 of that Regulation; or

(b)

a person registered with ESMA under Article 5 of the SFT regulation or a person recognised by ESMA under Article 19 of that Regulation;”.

(3)

In article 35A (trade repositories)—

(a)

after “centrally collecting and maintaining records of” insert “ (a) ”.

(b)

at the end insert—

“; or

(b)

securities financing transactions under the SFT regulation”.