{
  "url": "https://openlegislation.uk/central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-2",
  "json_url": "https://openlegislation.uk/central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-2.json",
  "legislation": "uksi/2018/1320",
  "legislation_title": "The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/central-securities-depositories-amendment-eu-exit-regulations-2018",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Central Securities Depositories Regulations 2014",
  "text": "(1) The Central Securities Depositories Regulations 2014 are amended as follows.\n(2) In regulation 1, in paragraph (2)—\n(a) in the definition of “credit institution”, for “Article 8 of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms” substitute “ Part 4A of the Act ”;\n(b) omit the definition of “EEA CSD”.\n(3) In regulation 2 —\n(a) in paragraph (1), for “Article 5 of the markets in financial instruments directive” substitute “ Part 4A of the Act ”;\n(b) in paragraph (2)—\n(i) in sub-paragraph (a), omit “referred to in the first sub-paragraph of Article 11(1) of the CSD regulation”;\n(ii) in sub-paragraph (aa)—\n(aa) omit “host Member State”;\n(bb) omit “EEA CSDs and”;\n(iii) in sub-paragraph (b), omit “Article 12(1)(a) of”;\n(c) omit paragraph (3).\n(4) In regulation 5L, in paragraph (1)—\n(a) omit sub-paragraph (d);\n(b) in sub-paragraph (h), for “CSD authorised in the Union” substitute “ CSD or third-country CSD ”;\n(c) in sub-paragraph (j), after “CSD” insert “ or third-country CSD ”;\n(d) in sub-paragraphs (k) and (l), for “55(5)” substitute “ 55(3) ”.\n(5) In regulation 5N, for “directly applicable EU regulation” substitute “ retained EU law ”.\n(6) In regulation 10, omit paragraph (2) .",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2014/2879."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "2000 c.8. Part 4A was inserted by section 11 of the Financial Services Act 2012 (c.21.)."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Regulation 2 was amended by S.I. 2017/1064."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "Paragraph (2) was amended by S.I. 2017/1064."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/1320/regulation/2",
    "retrieved_at": "2026-10-28T22:50:50.461885+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}