(1) Article 2 is amended as follows.

(2) In paragraph 1 -

(a) for point (1) substitute -

"(1) 'central securities depository' or 'CSD' means a legal person established in the United Kingdom that operates a securities settlement system referred to in point (3) of Section A of the Annex and provides at least one other core service listed in Section A of the Annex;";

(b) for point (3) substitute -

"(3) 'immobilisation' means the act of concentrating the location of physical securities in a CSD or third-country CSD in a way that enables subsequent transfers to be made by book entry;";

(c) in point (5), after "another CSD" insert "or third-country CSD";

(d) for point (6) substitute -

"(6) 'requesting CSD' means the CSD or third-country CSD which requests access to the services of a CSD through a CSD link;";

(e) for points (8) to (10) substitute -

"(8) 'financial instruments' or 'securities' means financial instruments as specified in Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 [S.I. 2001/544. Part 1 of Schedule 2 was substituted by S.I. 2006/3384 and amended by S.I. 2017/488.];