(1) The Central Securities Depositories Regulations 2014 [S.I. 2014/2879.] are amended as follows.

(2) In regulation 1, in paragraph (2) -

(a) in the definition of "credit institution", for "Article 8 of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms" substitute "Part 4A of the Act [2000 c.8. Part 4A was inserted by section 11 of the Financial Services Act 2012 (c.21.).]";

(b) omit the definition of "EEA CSD".

(3) In regulation 2 [Regulation 2 was amended by S.I. 2017/1064.] -

(a) in paragraph (1), for "Article 5 of the markets in financial instruments directive" substitute "Part 4A of the Act";

(b) in paragraph (2) -

(i) in sub-paragraph (a), omit "referred to in the first sub-paragraph of Article 11(1) of the CSD regulation";

(ii) in sub-paragraph (aa) -

(aa) omit "host Member State";

(bb) omit "EEA CSDs and";

(iii) in sub-paragraph (b), omit "Article 12(1)(a) of";