PART 4Amendment of Retained Direct EU Legislation

Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/201226

1

Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/201278 is amended as follows.

2

In Article 2(1) (definitions)79, after point (55) insert—

56

A reference to the PRA Rulebook is to the rulebook published by the PRA containing rules made by that Authority under FSMA as that rulebook has effect on 1 January 2022.

3

In Article 46(1)(d) (investment policy)80, for “and Regulation (EU) No. 575/2013” substitute “, Regulation (EU) No. 575/2013 and CRR rules”.

4

In Article 54 (authorisation and designation to provide banking-type ancillary services)81

a

in paragraph 3—

i

in the first paragraph, in point (e), for “Part Eight of Regulation (EU) No 575/2013” substitute “the Disclosure (CRR) Part of the PRA Rulebook”;

ii

in the second paragraph, after “Regulation (EU) No 575/2013” insert “, CRR rules”;

b

in paragraph 4, in point (f), for “Part Eight of Regulation (EU) No 575/2013” substitute “the Disclosure (CRR) Part of the PRA Rulebook”.