The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 No. 335

PART 3 U.K. AMENDMENT AND REVOCATION OF RETAINED DIRECT EU LEGISLATION

CHAPTER 1 U.K. AMENDMENT OF THE EMIR REGULATION

Subject matter and scope U.K.

10.—(1) Article 1 is amended as follows.

(2) In paragraph 3, for the words from “point (18)(a)” to the end substitute “ Articles 2(1)(24) and 2(1)(25A) of MIFIR ”.

(3) In paragraph 4, for point (a) substitute—

“(a) the Bank of England and other public bodies in the United Kingdom charged with or intervening in the management of the public debt;”.

(4) In paragraph 5—

(a) in point (a), for the words from “Section 4.2” to the end of the point substitute “ Article 117 of the Capital Requirements Regulation ”;

(b) in point (b), for “point (18) of Article 4 of Directive 2006/48/EC” substitute “ Article 4(1)(8) of the Capital Requirements Regulation ”.

(5) For paragraph 6 substitute—

“6.   The Treasury may by regulations amend the list set out in paragraph 4 of this Article.”.

Commencement Information

I1 Reg. 10 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(1)