# The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018, Regulation 7: Securities settlement


(1) In Article 3, in paragraph 2—
(a) for “trading venue” substitute “ UK trading venue ”;
(b) after “CSD” insert “ or third-country CSD ” each time it occurs;
(c) omit “as defined in point (a) of Article 2(1) of Directive 2002/47/EC”.
(2) In Article 4—
(a) omit paragraph 1;
(b) for paragraphs 2 and 3 substitute—
“
2 The competent authority shall ensure that the first sub-paragraph of Article 3(2) of this Regulation is applied where transferable securities are admitted to trading or traded on UK trading venues.
3 The competent authority shall ensure that the second sub-paragraph of Article 3(2) of this Regulation is applied where transferable securities admitted to trading or traded on UK trading venues are transferred following a financial collateral arrangement.”.

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Source: https://www.legislation.gov.uk/uksi/2018/1320/regulation/7 (the official version)
Page: https://openlegislation.uk/central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.