# The Uncertificated Securities (Amendment and EU Exit) Regulations 2019, 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 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;”.

---
Source: https://www.legislation.gov.uk/ukdsi/2019/9780111178706/regulation/9 (the official version)
Page: https://openlegislation.uk/draft-uncertificated-securities-amendment-and-eu-exit-regulations-2019/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.