Regulation 3 Consequential amendments to the Financial Services (Banking Reform) Act 2013I1
United Kingdom
The Financial Services (Banking Reform) Act 2013 M1 is amended as follows.
In section 41(2)(d) (meaning of “payment system”), after “recognised clearing house” insert “ or a recognised CSD ”.
In section 112(2)(b) (interpretation: infrastructure companies) omit “operating a securities settlement system”.
In section 115(1A) (objective of FMI administration) omit “operating a securities settlement system”.
Annotations
Marginal citations
- M1
2013 c.33. Sections 41, 112 and 115 were amended by SI 2017/1064. There are other amendments which are not relevant.
Commencement
- I1
Reg. 3 in force at 27.3.2019, see reg. 1(2)
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)