# The Uncertificated Securities (Amendment and EU Exit) Regulations 2019, Regulation 3: Consequential amendments to the Financial Services (Banking Reform) Act 2013


(1) The Financial Services (Banking Reform) Act 2013 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”.

---
Source: https://www.legislation.gov.uk/ukdsi/2019/9780111178706/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-amendment-and-eu-exit-regulations-2019/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.