Regulation 3 Consequential amendments to the Financial Services (Banking Reform) Act 2013
(1)
The Financial Services (Banking Reform) Act 2013f1 is amended as follows.
(2)
In section 41(2)(d) (meaning of “payment system”), after “recognised clearing house” insert “or a recognised CSD”.
(3)
In section 112(2)(b) (interpretation: infrastructure companies) omit “operating a securities settlement system”.
(4)
In section 115(1A) (objective of FMI administration) omit “operating a securities settlement system”.
Annotations
Footnotes
- f1
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2013 c.33. Sections 41, 112 and 115 were amended by SI 2017/1064. There are other amendments which are not relevant.