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There are currently no known outstanding effects for the The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019, Section 8.
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8.—(1) Chapter 3B is amended as follows.
(2) M1In section 312E (public censure) —
(a)omit subsection (1A);
(b)in subsection (2), in paragraph (c), for “qualifying EU provision”, substitute “ qualifying provision ”;
(c)in subsection (3)—
[F1(i)in paragraph (a), for “, a recognised CSD or an EEA CSD” substitute “, third country central counterparty or a recognised CSD”;]
(ii)in paragraph (c), for “qualifying EU provision” substitute “ qualifying provision ”.
(3) In section 312F (financial penalties) M2, omit subsection (2).
(4) In section 312FA (central securities depositories: further disciplinary measures) M3, omit subsection (5).
(5) In section 312G (proposal to take disciplinary measures) M4, omit subsection (5).
(6) In section 312H (decision notice) M5, omit subsection (5).
(7) In section 312I (publication) M6, in paragraph (a), omit “, EEA CSD”.
Textual Amendments
F1Reg. 8(2)(c)(i) substituted (25.6.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020 (S.I. 2020/646), regs. 1(2)(c), 11(2)
Commencement Information
I1Reg. 8 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)
Marginal Citations
M1Section 312E was inserted by section 33 of the Financial Services Act 2012; subsection (1A) and paragraphs (3)(a) and (c) were inserted and amended, respectively, by S.I. 2017/1064.
M2Subsection (2) was inserted by S.I. 2017/1064.
M3Section 312FA was inserted by S.I. 2017/1064.
M4Section 312G was inserted by section 33 of the Financial Services Act 2012 and subsection (5) was inserted by S.I. 2017/1064.
M5Section 312H was inserted by section 33 of the Financial Services Act 2012 and subsection (5) was inserted by S.I. 2017/1064.
M6Section 312I was inserted by section 33 of the Financial Services Act 2012 and paragraph (a) was amended by S.I. 2017/1064.
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