(1) In these Regulations -
"the Act" means the Financial Services and Markets Act 2000;
"Bank" means the Bank of England;
"recognised CSD" has the meaning given in section 285(1) of the Act;
"SFTR requirement" means a requirement imposed by - (a) Article 4 or 15 of the SFT regulation ["SFT regulation" is defined in section 417 of the Act, as amended by paragraph 1(5) of Schedule 1 to these Regulations.]; or (b) any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation;
(2) Any expression used in these Regulations which is given a meaning in Article 3 of the SFT regulation has the meaning which it is given in that Article.