SCHEDULE 3 U.K. Regulatory decisions

Regulatory decisions for the purposes of Article 19(4) of SFTR U.K.

6.  The FCA may recognise a trade repository established in an EEA state for the purposes of Article 19(4) of SFTR only where the following conditions are met—

(a) the trade repository is authorised and subject to effective 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 10(1) of Schedule 1 to the 2019 Regulations; and

(c) relevant cooperation arrangements have been established in relation to that EEA state.

Commencement Information

I1 Sch. 3 para. 6 in force at 30.9.2020, see reg. 1(2)