# The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018, Regulation 21: Sanctions


(1) Omit Article 61.
(2) In Article 62—
(a) in paragraph 1—
(aa) in the first sub-paragraph, for “Member States shall ensure that the competent authorities publish on their official websites” substitute “The competent authority must publish on its official website”;
(bb) in the second sub-paragraph, for “competent authorities shall, without undue delay, also publish on their official websites” substitute “the competent authority must, without undue delay, publish on its official website”;
(cc) in the third sub-paragraph, for “Member States shall ensure that competent authorities” substitute “the competent authority must”;
(dd) omit the fifth sub-paragraph;
(b) in paragraph 2—
(aa) for “Competent authorities” substitute “The competent authority”;
(bb) for “their” substitute “its”.
(3) Omit Article 63.
(4) In Article 64—
(a) omit “Member States shall ensure that,”;
(b) for “authorities” substitute “authority”;
(c) before “take”, insert “must”.
(5) In Article 65—
(a) in paragraph 1, for “Member States shall ensure that competent authorities establish” substitute “The competent authority must establish”;
(b) in paragraph 2, for “Directive 95/46/EC” substitute “data protection legislation”;
(c) in paragraph 3, for “Member States” substitute “The competent authority”.
(6) In Article 66, for “Member States”, substitute “The competent authority”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174050/regulation/21 (the official version)
Page: https://openlegislation.uk/draft-central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.