The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020U.K.
69.—(1) The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020(1) are amended as follows.
(2) In regulation 20 (Article 25: general amendments)—
(a)after subparagraph (9)(c) insert—
“(ca)after the third sub-paragraph insert—
“Recognition under this Article must be granted only for services or activities linked to clearing and the decision granting recognition must specify the services or activities which the CCP is recognised to provide or perform, including the classes of financial instruments covered by the recognition.”;”;
(b)in paragraph (10), in new paragraph 4A, at point (a), for “6 months” substitute “18 months”.
(3) In regulation 30 (Article 81), for the text to be inserted at the end of Article 81(3) of 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, substitute—
“;
(g)the body known as the Panel on Takeovers and Mergers;
(h)the PRA.”.
Commencement Information