# The Uncertificated Securities (Amendment and EU Exit) Regulations 2019, Regulation 14: Amendments to the Uncertificated Securities Regulations 2001


(1) The Uncertificated Securities Regulations 2001 are amended as follows.
(2) In regulation 3(1) (interpretation), omit paragraph (b) of the definition of Operator.
(3) In Schedule 1 (requirements for approval of a person as Operator), in paragraph 5(7)—
(a) In paragraph (ba) omit “an EEA central counterparty or ”;
(b) In the definition of “depositary” for “a CSD within the meaning of the CSD regulation” substitute “a CSD or third-country CSD within the meaning of the CSD regulation as amended from time to time”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111178706/regulation/14 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-amendment-and-eu-exit-regulations-2019/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.