# The Central Securities Depositories Regulations 2017, Paragraph 41: Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014


(1) The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 is amended as follows.
(2) In article 1 (interpretation), in paragraph (4), in paragraph (d) of the definition of “payment exposures”—
(a) for “or a third country central counterparty” substitute “ , a third country central counterparty, a recognised CSD, an EEA CSD or a third country CSD ”;
(b) for “or third country central counterparty” substitute “ , third country central counterparty, recognised CSD, EEA CSD or third country CSD ”.
(3) In article 2 (relevant financial institutions), in paragraph (3), after sub-paragraph (e) insert—
“(ea) recognised CSDs, EEA CSDs and third country CSDs;”.
(4) In article 6 (excluded activities: general exceptions), in paragraph (4)(e)—
(a) omit “or” at the end of paragraph (ii);
(b) after paragraph (iii) insert—
“or
(iv) a recognised CSD, an EEA CSD or a third country CSD where ownership of such shares is a condition of membership of any such body;”.

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Source: https://www.legislation.gov.uk/uksi/2017/1064/schedule/paragraph/41 (the official version)
Page: https://openlegislation.uk/central-securities-depositories-regulations-2017/schedule/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.