PART 3Amendment of retained direct EU legislation
I118
In Article 48—
a
in paragraph 2—
i
omit “of the requesting CSD” each time it occurs;
ii
for “and relevant authorities” substitute “
authority
”
;
b
in paragraph 5, after “another CSD” insert “
or third-country CSD
”
;
c
in paragraph 7—
i
after “Links between CSDs” insert “
and links between CSDs and third-country CSDs
”
;
ii
for “relevant and competent authorities” substitute “
competent authority
”
;
d
in paragraph 9—
i
after “between CSDs” insert “
and links between CSDs and third-country CSDs
”
;
ii
for “Member States”, substitute “
the United Kingdom
”
;
e
in paragraph 10—
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.