Regulation 9 Consequential amendment to the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014

(1)

The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014^f1 is amended as follows.

(2)

In Article 13(11) (prohibitions: inter-bank payment systems), in paragraph (a) of the definition of “inter-bank payment system”—

(a)

in sub-paragraph (i), after “a recognised clearing house” insert “or recognised CSD, in each case”;

(b)

for sub-paragraph (ii) substitute—

“(ii)
the Operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001;”.

Annotations