- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 No. 1320
12.—(1) In Article 22—
(a)in paragraph 3, for “Directive 2014/59/EU” substitute “the Bank Recovery and Resolution (No.2) Order 2014(1)”;
(b)omit paragraphs 6 to 8;
(c)in paragraph 10—
(i)in the first sub-paragraph—
(aa)for the words from the beginning to “develop draft” substitute “The Bank of England may make”;
(bb)omit points (b) and (c);
(ii)omit the second and third sub-paragraphs;
(d)in paragraph 11—
(i)in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “The Bank of England may make”;
(ii)omit the second and third sub-paragraphs.
(2) Omit Articles 23 and 24.
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