The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019

  1. Introductory Text

  2. PART 1

    1. 1.Citation and commencement

  3. PART 2 AMENDMENT OF PRIMARY LEGISLATION

    1. 2.Amendment of the Financial Services and Markets Act 2000

  4. PART 3 AMENDMENT OF SUBORDINATE LEGISLATION

    1. 3.Amendment of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

    2. 4.Amendment of the Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013

    3. 5.Amendment of the Financial Regulators’ Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018

    4. 6.Amendment of the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018

    5. 7.Amendment of the Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018

    6. 8.In regulation 3 (amendment of provision in respect of the...

    7. 9.In regulation 4 (interpretation), at the end insert “as amended...

    8. 10.Amendment of the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019

    9. 11.In regulation 1 (citation, commencement and interpretation), in paragraph (2)...

    10. 12.In regulation 11(definitions)— (a) in paragraph (7), in the new...

    11. 13.In regulation 13 (intragroup transactions)— (a) in paragraph (2)(b), in...

    12. 14.In regulation 14(2) (clearing obligation)— (a) for sub-paragraph (a) substitute—...

    13. 15.In regulation 15(3) (clearing obligation procedure), in the substituted paragraph...

    14. 16.In regulation 19 (reporting obligation), omit paragraph (5).

    15. 17.In regulation 20 (non-financial counterparties)— (a) for paragraph (2) substitute—...

    16. 18.In regulation 21(12) (risk-mitigation techniques for OTC derivative contracts not...

    17. 19.Amendment of the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc.) (EU Exit) Regulations 2019

    18. 20.Amendment of the Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019

    19. 21.Amendment of the Securitisation (Amendment) (EU Exit) Regulations 2019

    20. 22.Amendment of the Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019

    21. 23.Amendment of the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019

    22. 24.Amendment of the Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019

  5. PART 4 AMENDMENT OF RETAINED DIRECT EU LEGISLATION

    1. 25.Amendment of 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

    2. 26.In Article 2, for point (10) substitute—

    3. 27.In Article 4a— (a) in paragraph 1, in the second...

    4. 28.For Article 6a, substitute— Article 6a Suspension of the clearing...

    5. 29.(1) Article 9 is amended as follows.

    6. 30.In Article 10, in paragraph 2a, after “shall” insert “seek...

    7. 31.In Article 76a— (a) in paragraph 1—

    8. 32.In Article 80, in paragraph 5a, omit “counterparties that are...

    9. 33.In Article 81— (a) in paragraph 3, at the end...

    10. 34.In Article 89— (a) in paragraph 1, in the first...

  6. Signature

  7. Explanatory Note