PART 2Amendment of secondary legislation
The Central Counterparties (Amendment, etc, and Transitional Provisions) (EU Exit) Regulations 2018I17
1
The Central Counterparties (Amendment, etc, and Transitional Provisions) (EU Exit) Regulations 20187 is amended as follows.
2
In the following provisions and, where applicable, headings, for the words “exit day”, wherever they occur, substitute “IP completion day”—
a
regulation 12 (application for deemed recognition pursuant to Article 25 of the EMIR Regulation);
b
regulation 13 (deemed recognition pursuant to Article 25 of the EMIR Regulation);
c
regulation 14 (power to make regulations in respect of third countries’ regulatory frameworks before exit day);
d
regulation 15 (Bank’s power to advise Treasury on regulatory equivalence of central counterparties);
e
regulation 16 (cooperation arrangements between the Bank of England and the competent authorities of third countries before exit day);
f
regulation 17 (eligibility for temporary deemed recognition);
g
regulation 18 (temporary deemed recognition period);
h
regulation 19 (cessation of temporary deemed recognition);
i
regulation 19B (relevant period for the purposes of regulation 19A).