C1 Part XVIIIF2Recognised investment exchanges, clearing houses F7, CSDs and other parties

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)

Chapter I Exemption

Supervision

295AF1On-site inspection of F3United Kingdom branches of third country CSDs

1

For the purposes of F4Article 25(11) of the CSD regulation, the Bank of England may, on giving reasonable notice and at any reasonable time, carry out an on-site inspection of any branch maintained by F5a third country CSD in the United Kingdom.

F62

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

The Bank of England’s power under subsection (1) is enforceable, on the application of the Bank of England, by an injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.