# The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018, Regulation 3: Amendment of the Central Securities Depositories Regulations 2017


(1) The Central Securities Depositories Regulations 2017 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”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174050/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-central-securities-depositories-amendment-eu-exit-regulations-2018/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.