In Article 48 -

(a) in paragraph 2 -

(i) omit "of the requesting CSD" each time it occurs;

(ii) for "and relevant authorities" substitute "authority";

(b) in paragraph 5, after "another CSD" insert "or third-country CSD";

(c) in paragraph 7 -

(i) after "Links between CSDs" insert "and links between CSDs and third-country CSDs";

(ii) for "relevant and competent authorities" substitute "competent authority";

(d) in paragraph 9 -

(i) after "between CSDs" insert "and links between CSDs and third-country CSDs";

(ii) for "Member States", substitute "the United Kingdom";

(e) in paragraph 10 -

(i) in the first sub-paragraph, for the words from the beginning to "develop draft" substitute "The Bank of England may make";

(ii) omit the second and third sub-paragraphs.