The Central Securities Depositories Regulations 2017

Companies Act 2006U.K.

This section has no associated Explanatory Memorandum

11.—(1) The Companies Act 2006 M1 is amended as follows.

(2) In section 778 (issue of certificates etc.: allotment or transfer to financial institution), in subsection (2), in paragraphs (a) and (b)(i), after “a recognised clearing house” insert “ or a recognised CSD ”.

(3) In Schedule 2 (specified persons, descriptions of disclosures etc. for the purposes of section 948), in Part 2, in paragraph 40—

(a)in sub-paragraph (1) for “or a recognised clearing house” substitute “ , a recognised clearing house or a recognised CSD ”;

(b)in sub-paragraph (2) for “and “recognised clearing house”” substitute “, “recognised clearing house” and “recognised CSD””.

(4) In Schedule 11A (specified persons, descriptions, disclosures etc. for the purposes of section 1224A), in Part 2, in paragraph 55—

(a)for “or a recognised clearing house” substitute “ , a recognised clearing house or a recognised CSD ”;

(b)for “and “recognised clearing house”” substitute “, “recognised clearing house” and “recognised CSD””.

Marginal Citations