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The Equivalence Determinations for Financial Services (Amendment etc.) (EU Exit) Regulations 2020
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Regulatory decisions for trade repositories for the purposes of Article 77(2) of EMIR
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4. The FCA may grant recognition to a trade repository established in an EEA state for the purposes of Article 77(2) of EMIR only if—
(a)the trade repository is authorised and subject to supervision in that EEA state;
(b)an equivalence direction has been made that makes a determination in relation to that EEA state for the purposes set out in paragraph 4A of Schedule 1 to the 2019 Regulations; and
(c)relevant cooperation arrangements have been established in relation to that EEA state.
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