# The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 10: Amendments to the Schedule


In the Schedule—
(a) omit paragraph 1(1);
(b) in paragraph 5(2), after “institution” insert “whose head office is in the United Kingdom”;
(c) in paragraph 5(3)(a), for “the Settlement Finality Directive” substitute “these Regulations”;
(d) in paragraph 5(4)—
(i) after “participant” insert “established in the United Kingdom”;
(ii) omit the “or” at the end of sub-paragraph (a);
(iii) at the end of sub-paragraph (b) insert “or” and insert a new sub-paragraph (c) as follows—
“(c) the appointment of an administrator under paragraph 14 or paragraph 22 of Schedule B1 to the Insolvency Act 1986 taking effect,”;
(e) for the text following the new sub-paragraph (c) substitute—
“to notify forthwith both the system and the designating authority that such a resolution has been passed, that such a trust deed has become a protected trust deed or, as the case may be, that such appointment has taken effect.”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111176887/regulation/10 (the official version)
Page: https://openlegislation.uk/draft-financial-markets-and-insolvency-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.