14.—(1) In Article 26—
(a)in paragraph 7, after “other CSDs” insert “ , third-country CSDs ”;
(b)in paragraph 8—
(i)in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;
(ii)omit the second and third sub-paragraphs.
(2) In Article 27—
(a)in paragraph 5, for “national law” substitute “ law applicable within the United Kingdom or of any part of the United Kingdom ”;
(b)in paragraph 7, in point (b), for “its competent authority” in each place it occurs, substitute “ the competent authority ”.
(3) In Article 28, in paragraph 5, for “competent authorities” substitute “ the competent authority ”.
(4) In Article 29—
(a)in paragraph 2;
(i)omit “and the relevant authorities”;
(ii)for “Union law or national law of its home Member State” substitute “ the law applicable within the United Kingdom or of any part of the United Kingdom ”;
(b)in paragraph 3—
(i)in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;
(ii)omit the second and third sub-paragraphs;
(c)in paragraph 4—
(i)in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;
(ii)omit the second and third sub-paragraphs.
(5) In Article 30—
(a)in paragraph 1—
(i)in point (h), omit “and the relevant authorities”;
(ii)in point (i), for “Union” substitute “ United Kingdom ”;
(b)in paragraph 3, omit “and the relevant authorities”;
(c)in paragraph 5, for “authorities” substitute “ authority ”.
(6) Omit Article 31.
Commencement Information
I1Reg. 14 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)