# The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018, Regulation 12: Central securities depositories


(1) In Article 22—
(a) in paragraph 3, for “Directive 2014/59/EU” substitute “the Bank Recovery and Resolution (No.2) Order 2014”;
(b) omit paragraphs 6 to 8;
(c) in paragraph 10—
(i) in the first sub-paragraph—
(aa) for the words from the beginning to “develop draft” substitute “The Bank of England may make”;
(bb) omit points (b) and (c);
(ii) omit the second and third sub-paragraphs;
(d) in paragraph 11—
(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 and third sub-paragraphs.
(2) Omit Articles 23 and 24.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174050/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.