Regulation 3 Amendment of the Central Securities Depositories Regulations 2017

(1)

The Central Securities Depositories Regulations 2017^f1 are amended as follows.

(2)

In regulation 7—

(a)

in paragraph (2)(a), for “directly applicable EU regulation” substitute “retained EU law”;

(b)

in paragraph (5)(b), for “directly applicable EU regulation” substitute “retained EU law”.

(3)

In regulation 8—

(a)

omit paragraph (2);

(b)

in paragraph (3)—

(i)

for “an EEA State” substitute “the United Kingdom”;

(ii)

for “69(3)” substitute “69(1)” each time it occurs;

(c)

in paragraph (5), at the end, insert “or which immediately before exit day was authorised under Article 16 of the CSD regulation”.

Annotations