The Uncertificated Securities (Amendment and EU Exit) Regulations 2019 No. 679

PART 2 U.K. Amendment of primary legislation

Consequential amendments to the Financial Services (Banking Reform) Act 2013 U.K.

3.—(1) The Financial Services (Banking Reform) Act 2013 M1 is amended as follows.

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

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

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

Commencement Information

I1 Reg. 3 in force at 27.3.2019, see reg. 1(2)

Marginal Citations

M1 2013 c.33. Sections 41, 112 and 115 were amended by SI 2017/1064. There are other amendments which are not relevant.