SCHEDULE 5Amendments to other secondary legislation

Uncertificated Securities Regulations 2001

3.

In paragraph 28 of Schedule 1 to the Uncertificated Securities Regulations 2001 M1 (requirements for approval of a person as operator)—

(a)

omit sub-paragraph (3) M2; and

(b)

in sub-paragraph (4) M3—

(i)

in the definition of “branch”, for “4.1.26” substitute “ 4.1.30 ”;

(ii)

in the definition of “financial instrument”, for “4.1.17” substitute “ 4.1.15 ”;

(iii)

in the definition of “markets in financial instruments directive” for “2004/39/EC” substitute “ 2014/65/EU ”; and

(iv)

in the definition of “markets in financial instruments directive” for “21st April 2004” substitute “ 15 May 2014 ”.