Regulation 15 Bank's power to advise Treasury on regulatory equivalence of central counterparties
United Kingdom
The Bank of England may before F1IP completion day provide advice to the Treasury in connection with any regulations made or to be made by the Treasury under regulation 14.
On and after IP completion day, advice provided under this regulation is to be treated as having been provided in accordance with F2Article 25.6ZA of the EMIR Regulation.
Annotations
Textual amendments
- F1
Words in reg. 15 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 7(2)(d)
- F2
Words in reg. 15(2) substituted (25.6.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020 (S.I. 2020/646), regs. 1(2)(c), 4(7)