The Companies Act 2006 is amended as follows.

In paragraph 41 of Part 2 of Schedule 2 M1 (specified persons, descriptions of disclosures etc. for the purposes of section 948 of the Companies Act 2006), for “approved under the Uncertificated Securities Regulations 2001 (SI 2001/3755) as an operator of a relevant system (within the meaning of those Regulations)” substitute “ who is an operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001 (SI 2001/3755) ”.

In paragraph 56 of Part 2 of Schedule 11A M2 (specified persons, descriptions, disclosures etc. for the purposes of section 1224A of the Companies Act 2006), for “approved under the Uncertificated Securities Regulations 2001 (SI 2001/3755) as an operator of a relevant system (within the meaning of those regulations)” substitute “ who is an operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001 (SI 2001/3755) ”.

The Financial Services (Banking Reform) Act 2013 M3 is amended as follows.

In section 41(2)(d) (meaning of “payment system”), after “recognised clearing house” insert “ or a recognised CSD ”.

In section 112(2)(b) (interpretation: infrastructure companies) omit “operating a securities settlement system”.

In section 115(1A) (objective of FMI administration) omit “operating a securities settlement system”.