(1) The Uncertificated Securities Regulations 2001 [S.I. 2001/3755.] are amended as follows.

(2) In Schedule 1, in paragraph 5(7), in the definition of "clearing house" -

(a) in paragraph (b) omit "or";

(b) after paragraph (b) insert -

"(ba) which is an EEA central counterparty or a third country central counterparty within the meaning of section 285(1) of the 2000 Act; or".