Section 70D

For the purposes of sections 70A to 70C— “business day” means any day other than a Saturday, a Sunday, or a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom; “excluded person” means— a person who has been declared to be, or who is an operator of, a designated system under regulation 4 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999, ... a recognised central counterparty ... or third country central counterparty, or a central bank. For the purposes of subsection (1) ..., “recognised central counterparty” and “third country central counterparty” have the meaning given in section 285 of the Financial Services and Markets Act 2000.

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