# The Uncertificated Securities (Amendment and EU Exit) Regulations 2019, Regulation 14: Amendments to the Uncertificated Securities Regulations 2001

Extent: E+W+S+N.I.

(1) The Uncertificated Securities Regulations 2001 are amended as follows.
(2) In regulation 3(1) (interpretation), omit paragraph (b) of the definition of Operator.
(3) In Schedule 1 (requirements for approval of a person as Operator), in paragraph 5(7)—
(a) In paragraph (ba) omit “an EEA central counterparty or ”;
(b) In the definition of “depositary” for “a CSD within the meaning of the CSD regulation” substitute “ a CSD or third-country CSD within the meaning of the CSD regulation as amended from time to time ”.

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Source: https://www.legislation.gov.uk/uksi/2019/679/regulation/14 (the official version)
Page: https://openlegislation.uk/uncertificated-securities-amendment-and-eu-exit-regulations-2019/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.