# The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025, Regulation 5: Amendment of Part 2 of the Schedule


(1) In Part 2 of the Schedule (modifications of UK CSDR)—
(a) for the entry for Articles 64 to 66 substitute —
“
Article 64
Treat this article as disapplied.
Article 65
In paragraph (1), treat the reference to “competent authority” as a reference to a digital securities depository. Treat the reference to “infringements of this Regulation” as a reference to infringements of requirements (which may include a requirement imposed by a SAN) imposed by or under these Regulations. Treat the reference to “competent authorities” as a reference to the Bank of England. In paragraph (3), treat the first sub-paragraph as imposing a direct requirement on a digital securities depository to have in place the reporting procedures mentioned in that paragraph.
Article 66
Treat this article as disapplied.
”;
(b) in the entry for Article 73, in the second column substitute—
“
Article 73
Treat this article as disapplied.
”.

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Source: https://www.legislation.gov.uk/uksi/2025/93/regulation/5 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023-digital-securities-sandbox-amendment-regulations-2025/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.