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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 236/2012

26.—(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 236/2012(1) is amended as follows.

(2) In Article 2(1) (definitions)(2), 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)(3), 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)(4)—

(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”.

(1)

EUR 909/2014.

(2)

Article 2 was amended by S.I. 2018/1320.

(3)

Article 46(1) was substituted by S.I. 2018/1320.

(4)

Article 54 was amended by S.I. 2018/1320.