Regulation 10 Securities settlement

In Article 9—

(a)

in paragraph 1—

(i)

in the first sub-paragraph, for “competent authorities of their place of establishment” substitute “competent authority”;

(ii)

omit the second sub-paragraph;

(b)

in paragraph 2—

(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 sub-paragraph;

(c)

in paragraph 3—

(i)

for “ESMA shall develop draft” substitute “The Bank of England may make”;

(ii)

omit the second and third sub-paragraphs.