Section 285(3D)

A recognised CSD is exempt from the general prohibition as respects any regulated activity which is carried on for the purposes of, or in connection with— the core services listed in Section A of the Annex to the CSD regulation which the central securities depository is authorised to provide pursuant to Article 16 or 19(1)(a) or (c) of that regulation, or any non-banking-type ancillary services listed in or permitted under Section B of that Annex which the central securities depository is authorised to provide, including services notified under Article 19 of the CSD regulation.

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Source: legislation.gov.uk · retrieved 2026-09-04