PART 5Amendment of secondary legislation
The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019I167
1
The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 201959 are amended as follows.
2
In regulation 25, for “last amended by Regulation (EU) 2019/2099 of the European Parliament and of the Council of 23 October 2019” substitute “it forms part of retained EU law”.
3
In regulation 29—
a
omit paragraph (2)(a);
b
after paragraph (2) insert—
2A
In paragraph 1a, in the fourth sub-paragraph, in point (a) for “Union” substitute “United Kingdom”.
2B
For paragraph 1d, substitute—
1d
The trustees or managers of an occupational pension scheme (within the meaning given in section 1(1) of the Pension Schemes Act 1993) shall be responsible, and legally liable, for reporting the details of OTC derivative contracts to which that occupational pension scheme is a counterparty.
4
Omit regulation 32.