(1) Section 4 shall stand repealed on 30 March 2021 or such later day as may be appointed by the Minister under subsection (2).

(2) The Minister may, if the European Commission adopts, under Article 25(9) of the CSD Regulation, a further implementing decision to that made by it under that Article 25(9) on 19 December 2018 (Commission Implementing Decision (EU) 2018/2030 of 19 December 2018 [OJ No. L 325, 20.12.2018, p.47]), and relating to the equivalence, for the purposes of the CSD Regulation, of the regulatory framework applicable to central securities depositories of the United Kingdom of Great Britain and Northern Ireland, appoint, by order, a day later than 30 March 2021 for the purposes of subsection (1).

(3) An order made under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the order is passed by either such House within the next 21 days on which that House has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.