Regulation 15 Central securities depositories

(1)

In Article 33—

(a)

in paragraph 3—

(i)

in the third sub-paragraph, for “That” substitute “The”;

(ii)

omit the fourth sub-paragraph;

(b)

in paragraph 5—

(i)

in the first sub-paragraph—

(aa)

for the words from the beginning to “develop draft” substitute “The Bank of England may make”;

(bb)

for “competent authorities” substitute “the competent authority”;

(ii)

omit the second and third sub-paragraphs;

(c)

in paragraph 6—

(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)

In Article 34, in paragraph 8, for “Union” substitute “United Kingdom”.