Regulation 14 Amendments to the Uncertificated Securities Regulations 2001I1

United Kingdom

(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) M1 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 ”.

Annotations

Marginal citations

M1: Paragraph (ba) was inserted by S.I. 2013/504.

Commencement

I1: Reg. 14 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 13) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xxiii)