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Regulation (EU) No 648/2012 of the European Parliament and of the CouncilShow full title
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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- Revised 18/06/20201.25 MB
- Revised 01/01/20201.13 MB
- Revised 18/12/20190.90 MB
- Revised 17/06/20190.89 MB
- Revised 01/01/20190.72 MB
- Revised 30/06/20170.69 MB
- Revised 01/04/20170.68 MB
- Revised 03/01/20170.68 MB
- Revised 12/01/20160.75 MB
- Revised 16/09/20150.74 MB
- Revised 25/06/20150.74 MB
- Revised 02/07/20141.26 MB
- Revised 01/01/20140.73 MB
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Changes over time for: Article 20
Changes to legislation:
Regulation (EU) No 648/2012 of the European Parliament and of the Council, Article 20 is up to date with all changes known to be in force on or before 12 January 2025. 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.
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Changes and effects yet to be applied to Article 20:
- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 1
Article 20U.K.Withdrawal of authorisation
1.[F1The] CCP’s competent authority shall withdraw authorisation where the CCP:
(a)has not made use of the authorisation within 12 months, expressly renounces the authorisation or has provided no services or performed no activity for the preceding six months;
(b)has obtained authorisation by making false statements or by any other irregular means;
(c)is no longer in compliance with the conditions under which authorisation was granted and has not taken the remedial action requested by the CCP’s competent authority within a set time frame;
(d)has seriously and systematically infringed any of the requirements laid down in this Regulation.
F22.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F23.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F24.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.The CCP’s competent authority may limit the withdrawal to a particular service, activity, or class of financial instruments.
F36.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F47.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Word in Art. 20(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 31(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Art. 20(2)-(4) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 31(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F3Art. 20(6) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 31(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F4Art. 20(7) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 31(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
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