Regulation 14 Application of Part 4I1

United Kingdom

This Part applies to a system (“S”) and a body corporate or unincorporated body of persons (“P”) that is the operator of S, where—

(a)

immediately before F1IP completion day, S is specified as a system and P is specified as the system operator in relation to S, by an EEA state (other than the United Kingdom), to be included within the scope of the Settlement Finality Directive in accordance with article 10 of that directive; and

(b)

before IP completion day, P has complied with the notification requirement in regulation 15.

Annotations

Textual amendments

F1: Words in reg. 14 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 13(a)

Commencement

I1: Reg. 14 in force at 22.2.2019, see reg. 1(2)