Regulation 9 Consequential amendment to the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014I1
United Kingdom
The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014 M1 is amended as follows.
In Article 13(11) (prohibitions: inter-bank payment systems), in paragraph (a) of the definition of “inter-bank payment system”—
in sub-paragraph (i), after “a recognised clearing house” insert “ or recognised CSD, in each case ”;
for sub-paragraph (ii) substitute—
“(ii)the Operator of a relevant system for the purposes of the Uncertificated Securities Regulations 2001;”.
Annotations
Marginal citations
- M1
Commencement
- I1
Reg. 9 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)