The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018

This section has no associated Explanatory Memorandum

15.—(1) In Article 33—

(a)in paragraph 3—

(i)in the third sub-paragraph, for “That” substitute “ The ”;

(ii)omit the fourth sub-paragraph;

(b)in paragraph 5—

(i)in the first sub-paragraph—

(aa)for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(bb)for “competent authorities” substitute “ the competent authority ”;

(ii)omit the second and third sub-paragraphs;

(c)in paragraph 6—

(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 34, in paragraph 8, for “Union” substitute “ United Kingdom ”.

Commencement Information

I1Reg. 15 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)