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Regulation (EU) No 648/2012 of the European Parliament and of the CouncilDangos y teitl llawn

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)

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Changes over time for: Article 76a

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Changes to legislation:

Regulation (EU) No 648/2012 of the European Parliament and of the Council, Article 76a is up to date with all changes known to be in force on or before 06 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[F1 Article 76a U.K. Mutual direct access to data

1 . Where necessary for the exercise of their duties, relevant authorities of third countries in which one or more trade repositories are established shall have direct access to information in trade repositories established in the [F2United Kingdom], provided that [F3the Treasury has made regulations] in accordance with paragraph 2 to that effect.

2 . Upon the submission of a request by the authorities referred to in paragraph 1 of this Article, the [F4Treasury may by regulations determine] whether the legal framework of the third country of the requesting authority fulfils all of the following conditions:

( a ) trade repositories established in that third country are duly authorised;

( b ) effective supervision and enforcement of trade repositories takes place in that third country on an ongoing basis;

( c ) guarantees of professional secrecy exist, including the protection of business secrets shared with third parties by the authorities, and they are at least equivalent to those set out in this Regulation;

( d ) trade repositories authorised in that third country are subject to a legally binding and enforceable obligation to grant the entities referred to in Article 81(3) direct and immediate access to the data.]

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