Regulation 6 Certain bodies deemed to satisfy requirements for designation

F1(1)

Subject to paragraph (2), a recognised body F2..., a third country central counterparty ... and a third country CSD shall be deemed to satisfy the requirements in paragraphs 2 and 3 of the Schedule.

(2)

Paragraph (1) does not apply to overseas investment exchanges or overseas clearing houses within the meaning of F3the 2000 Act.

F4(3)

F5... “third country central counterparty” ... and “third country CSD” have the meanings given by section 285 of the 2000 Act.

(4)

“recognised body” has the meaning given by section 313 of the 2000 Act.

Annotations

Textual amendments

F1: Reg. 6(1) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 22(2)(a) (with regs. 7(4), 9(1))
F2: Words in reg. 6(1) omitted (31.12.2020) by virtue of The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341), regs. 1(3), 6(2)(a) (with reg. 21) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 23(b) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F3: Words in reg. 6(2) substituted (1.10.2009) by The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009 (S.I. 2009/1972), regs. 1, 3
F4: Reg. 6(3)(4) substituted for reg. 6(3) (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 22(2)(b) (with regs. 7(4), 9(1))
F5: Words in reg. 6(3) omitted (31.12.2020) by virtue of The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/341), regs. 1(3), 6(2)(b) (with reg. 21) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 23(b) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)