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14. In regulation 2 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999(1)—
(a)in paragraph (b) of the definition of “institution” for “point 2 of Article 1 of Council Directive 93/22/EEC excluding the bodies set out in the list in Article 2(2)(a) to (k)” substitute “Article 4.1.1 of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, other than a person to whom Article 2 applies”;
(b)in the definition of “securities” for “B of the Annex to Council Directive 93/22/EEC” substitute “C of Annex I to Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments”.
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