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The Uncertificated Securities (Amendment and EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 679
- PART 2
- Regulation 3
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Consequential amendments to the Financial Services (Banking Reform) Act 2013
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3.—(1) The Financial Services (Banking Reform) Act 2013(1) 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”.
(1)
2013 c.33. Sections 41, 112 and 115 were amended by SI 2017/1064. There are other amendments which are not relevant.
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