Paragraph 36 Investment Bank Special Administration Regulations 2011

(1)

The Investment Bank Special Administration Regulations 2011 M1 are amended as follows.

(2)

In regulation 2 (interpretation), in paragraph (1)—

(a)

in the definition of “market infrastructure body”—

(i)

after “recognised clearing house,” insert “ recognised CSD, ”;

(ii)

after “recognised overseas clearing house” insert “ , EEA CSD, third country CSD ”;

(b)

at the appropriate places insert—

““EEA CSD” has the meaning set out in section 285 of FSMA;
“recognised CSD” has the meaning set out in section 285 of FSMA;
“third country CSD” has the meaning set out in section 285 of FSMA;”.

(3)

In regulation 10G (restrictions on partial property transfers: financial markets), in paragraph (1), in sub-paragraphs (b) and (c), for “or recognised clearing house” substitute “ , recognised clearing house or recognised CSD ”.

(4)

In regulation 15 (general powers of the administrator, duties and effect), in Table 1, in paragraph (h) of the entry relating to paragraph 74 of Schedule B1 to the Insolvency Act 1986 M2, after “a recognised clearing house” insert “ , a recognised CSD ”.

Annotations

Marginal citations

M1: S.I. 2011/245; the definition of “market infrastructure body” was amended by S.I. 2013/504. Regulation 10G and paragraph (h) of the entry in Table 1 in regulation 15 relating to paragraph 74 were inserted by S.I. 2017/443.
M2: 1986 c.45. Schedule B1, to which there are amendments not relevant to these Regulations, was inserted by section 248 of, and Schedule 16 to, the Enterprise Act 2002 (c.40).