The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 No. 662

PART 2 Amendments coming into force before exit day

Amendments of Parts 18 and 18A of the 2000 Act

2.  The 2000 Act is amended as follows—

(a) in section 301E (disregarded holdings), in subsection (9A)(1), for the words from “Commission” to “financial instruments” substitute “the market abuse regulation and Commission Delegated Regulation (EU) No. 1052/2016 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to the regulatory technical standards for conditions applicable to buy-back programmes and stabilisation measures”;

(b) in section 313D (interpretation of Part 18A)(2), in subsection (2), in the opening words of paragraph (b), after “systematic internaliser” insert “which”.

Amendments of the Schedule to the principal Regulations

3.  In the Schedule to the principal Regulations, in paragraph 2B(3), in sub-paragraph (1)(a), after “regulation 44(1)”, in both places it occurs, insert “of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017”(4).

(1)

Section 301E was substituted by S.I. 2009/534; subsection (9A) was inserted by S.I. 2015/1755.

(2)

Section 313D was inserted by S.I. 2007/126 and amended by S.I. 2017/701; there are other amendments to the section but none is relevant.

(3)

Paragraph 2B was inserted by S.I. 2017/701.

(4)

S.I. 2017/701.