Paragraph 100 Suspension: general provisionI1I2
United Kingdom
For the purposes of paragraphs 97 to 99—
-
“business day” means any day other than a Saturday, a Sunday, or a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom;
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“excluded person” means—
- (a)
a person who has been declared to be, or who is an operator of, a designated system under regulation 4 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979),
- (b)
a CCP,
- (c)
a third-country central counterparty (within the meaning given by section 285 of FSMA 2000), or
- (d)
a central bank.
- (a)
Annotations
Commencement
- I1
Sch. 11 para. 100 not in force at Royal Assent, see s. 86(3)
- I2
Sch. 11 para. 100 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)