{
  "url": "https://openlegislation.uk/draft-central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-16",
  "json_url": "https://openlegislation.uk/draft-central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-16.json",
  "legislation": "ukdsi/2018/9780111174050",
  "legislation_title": "The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-central-securities-depositories-amendment-eu-exit-regulations-2018",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Central securities depositories",
  "text": "(1) In Article 37—\n(a) in paragraph 2, after “other CSDs” insert “, third-country CSDs”;\n(b) in paragraph 4—\n(i) in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “The Bank of England may make”;\n(ii) omit the second and third sub-paragraphs.\n(2) In Article 38, in paragraph 5, omit the second sub-paragraph.\n(3) In Article 39—\n(a) in paragraph 1—\n(i) for “Member States” substitute “The competent authority”;\n(ii) for “point (a) of Article 2 of Directive 98/26/EC” substitute “regulation 4 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999”;\n(b) in paragraph 2, for “Articles 3 and 5 of Directive 98/26/EC” substitute “regulation 20 of, and paragraph 5 of the Schedule to, the Financial Markets and Insolvency (Settlement Finality) Regulations 1999”.\n(4) In Article 41, omit paragraph 4.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 20 was amended by S.I. 2010/2993 and S.I. 2013/504. Paragraph 5 of the Schedule was amended by S.I. 2010/2993."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111174050/regulation/16",
    "retrieved_at": "2026-10-30T15:03:34.084146+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}