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The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019

Amendment of the SFT regulation

This section has no associated Explanatory Memorandum

6.  In Article 2—

(a)in paragraph 1—

(i)for point (b) substitute—

“(b)management companies, managers and operators of UCITS and UCITS investment companies;”;

(ii)in point (c), for “in accordance with Directive 2011/61/EU” substitute “or registered in accordance with the Alternative Investment Fund Managers Regulations 2013(1)”;

(b)in paragraph (2), for point (a) substitute—

“(a)the Bank of England and other United Kingdom bodies charged with, or intervening in, the management of the public debt;”;

(c)in paragraph (3), for “to which a member of the ESCB is a counterparty” substitute—

“to which:

(a)the Bank of England; or

(b)another United Kingdom body charged with, or intervening in, the management of the public debt,

is a counterparty.”;

(d)for paragraph (4) substitute—

“(4) The Treasury may by statutory instrument amend the list set out in paragraph (2) of this Article.”.