Citation, commencement and interpretationI11

1

These Regulations may be cited as the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019.

2

Regulations 7 and 8 and Schedule 2 come into force on exit day.

3

The other provisions in these Regulations come into force on the day after the day on which these Regulations are made.

4

For the purposes of these Regulations,

F1za

“CSD” means a legal person that operates a securities settlement system referred to in point (3) of Section A of the Annex of the CSDR and provides at least one other core service listed in Section A of the Annex;

zb

“CSDR” means Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012;

a

an “equivalence direction” is a direction made under regulation 2(1);

b

an “equivalence determination” is a determination made by regulations made by the Treasury under retained EU law referred to in Schedule 1 F4, as amended from time to time, or under regulations made under the European Union (Withdrawal) Act 2018 other than these Regulations;

c

an “exemption direction” is a direction made under regulation 3(1);

d

an “exemption determination” is a determination made by regulations made by the Treasury under retained EU law or under regulations under the European Union (Withdrawal) Act 2018 referred to in regulation 3;

e

“FCA” means the Financial Conduct Authority;

f

“PRA” means the Prudential Regulation Authority;

g

“EMIR” means 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 F5... (“EMIR”);

h

“FSMA” means the Financial Services and Markets Act 2000 M1;

F2ha

“MiFIR” means Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012;

i

“SFTR” means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse (“SFTR”).

F35

 Any reference in these Regulations to a specific EU Regulation or EU Decision, or part of an EU Regulation or EU Decision, is to that EU Regulation or EU Decision, or that part of the EU Regulation or EU Decision, as it forms part of retained EU law on IP completion day.