9.—(1) The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 M1 is amended as follows.
(2) In Article 13(11) (prohibitions: inter-bank payment systems), in paragraph (a) of the definition of “inter-bank payment system”—
(a)in sub-paragraph (i), after “a recognised clearing house” insert “ or recognised CSD, in each case ”;
(b)for sub-paragraph (ii) substitute—
“(ii)the Operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001;”.