PART 3Amendment of retained direct EU legislation
Securities settlement10
In Article 9—
a
in paragraph 1—
i
in the first sub-paragraph, for “competent authorities of their place of establishment” substitute “competent authority”;
ii
omit the second sub-paragraph;
b
in paragraph 2—
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 sub-paragraph;
c
in paragraph 3—
i
for “ESMA shall develop draft” substitute “The Bank of England may make”;
ii
omit the second and third sub-paragraphs.