Regulation 38 Transferable securities excluded from certain provisions of section 85 of FSMA 2000

(1)

Schedule 11A (transferable securities)^f1 is amended as follows.

(2)

In paragraph 2—

(a)

in paragraphs (a) and (b), for “an EEA State” substitute “any country or territory”;

(b)

in paragraphs (c) and (e), for “an EEA State” substitute “any State”.

(3)

In paragraph 3, for “an EEA State” substitute “any State”.

(4)

In paragraph 4, for “an EEA State” substitute “any country or territory”.

(5)

In paragraph 5—

(a)

for the words from “a deposit” to the end substitute “the compensation scheme”;

(b)

after sub-paragraph (2) insert—

“(3)
“Credit institution” means a credit institution as defined in Article 4(1)(1) of the capital requirements regulation.”

(6)

In paragraph 7, omit sub-paragraph (2)(e).

(7)

In paragraph 8, in sub-paragraph (2)(a), for “the EEA States” substitute “the United Kingdom”.

(8)

In paragraph 9(1), for “the EEA States” substitute “the United Kingdom”.

Annotations