Regulation 14 I1

(1)

In Article 26—

(a)

in paragraph 7, after “other CSDs” insert “ , third-country CSDs ”;

(b)

in paragraph 8—

(i)

in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(ii)

omit the second and third sub-paragraphs.

(2)

In Article 27—

(a)

in paragraph 5, for “national law” substitute “ law applicable within the United Kingdom or of any part of the United Kingdom ”;

(b)

in paragraph 7, in point (b), for “its competent authority” in each place it occurs, substitute “ the competent authority ”.

(3)

In Article 28, in paragraph 5, for “competent authorities” substitute “ the competent authority ”.

(4)

In Article 29—

(a)

in paragraph 2;

(i)

omit “and the relevant authorities”;

(ii)

for “Union law or national law of its home Member State” substitute “ the law applicable within the United Kingdom or of any part of the United Kingdom ”;

(b)

in paragraph 3—

(i)

in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(ii)

omit the second and third sub-paragraphs;

(c)

in paragraph 4—

(i)

in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(ii)

omit the second and third sub-paragraphs.

(5)

In Article 30—

(a)

in paragraph 1—

(i)

in point (h), omit “and the relevant authorities”;

(ii)

in point (i), for “Union” substitute “ United Kingdom ”;

(b)

in paragraph 3, omit “and the relevant authorities”;

(c)

in paragraph 5, for “authorities” substitute “ authority ”.

(6)

Omit Article 31.

Annotations

Commencement

I1: Reg. 14 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)