Citation, commencement and interpretation1
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,
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 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 (“EMIR”);
h
“FSMA” means the Financial Services and Markets Act 20002;
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”).
5
Any reference in these Regulations to an EU Regulation or EU Decision is a reference to retained EU law as modified from time to time.