Regulation 18 Central securities depositories

In Article 48—

(a)

in paragraph 2—

(i)

omit “of the requesting CSD” each time it occurs;

(ii)

for “and relevant authorities” substitute “authority”;

(b)

in paragraph 5, after “another CSD” insert “or third-country CSD”;

(c)

in paragraph 7—

(i)

after “Links between CSDs” insert “and links between CSDs and third-country CSDs”;

(ii)

for “relevant and competent authorities” substitute “competent authority”;

(d)

in paragraph 9—

(i)

after “between CSDs” insert “and links between CSDs and third-country CSDs”;

(ii)

for “Member States”, substitute “the United Kingdom”;

(e)

in paragraph 10—

(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.