PART 5 U.K. Amendments in connection with exiting the European Union

Amendments to the Uncertificated Securities Regulations 2001 U.K.

14.—(1) The Uncertificated Securities Regulations 2001 are amended as follows.

(2) In regulation 3(1) (interpretation), omit paragraph (b) of the definition of Operator.

(3) In Schedule 1 (requirements for approval of a person as Operator), in paragraph 5(7)—

(a) In paragraph (ba) M1 omit “an EEA central counterparty or ”;

(b) In the definition of “depositary” for “a CSD within the meaning of the CSD regulation” substitute “ a CSD or third-country CSD within the meaning of the CSD regulation as amended from time to time ”.

Commencement Information

I1 Reg. 14 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

M1 Paragraph (ba) was inserted by S.I. 2013/504.