Regulation 8 Amendments of Part 18, Chapter 3B: disciplinary measures

(1)

Chapter 3B is amended as follows.

(2)

In section 312E (public censure)^f1—

(a)

omit subsection (1A);

(b)

in subsection (2), in paragraph (c), for “qualifying EU provision”, substitute “qualifying provision”;

(c)

in subsection (3)—

(i)

in paragraph (a), for “, a recognised CSD or an EEA CSD” substitute “or a recognised CSD”;

(ii)

in paragraph (c), for “qualifying EU provision” substitute “qualifying provision”.

(3)

In section 312F (financial penalties)^f2, omit subsection (2).

(4)

In section 312FA (central securities depositories: further disciplinary measures)^f3, omit subsection (5).

(5)

In section 312G (proposal to take disciplinary measures)^f4, omit subsection (5).

(6)

In section 312H (decision notice)^f5, omit subsection (5).

(7)

In section 312I (publication)^f6, in paragraph (a), omit “, EEA CSD”.

Annotations

f1: Section 312E was inserted by section 33 of the Financial Services Act 2012; subsection (1A) and paragraphs (3)(a) and (c) were inserted and amended, respectively, by S.I. 2017/1064.
f2: Subsection (2) was inserted by S.I. 2017/1064.
f3: Section 312FA was inserted by S.I. 2017/1064.
f4: Section 312G was inserted by section 33 of the Financial Services Act 2012 and subsection (5) was inserted by S.I. 2017/1064.
f5: Section 312H was inserted by section 33 of the Financial Services Act 2012 and subsection (5) was inserted by S.I. 2017/1064.
f6: Section 312I was inserted by section 33 of the Financial Services Act 2012 and paragraph (a) was amended by S.I. 2017/1064.