# The Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018, Regulation 18: Temporary deemed recognition period

Extent: E+W+S+N.I.

(1) The temporary recognition period is the period of seven years beginning with IP completion day.
(2) If the Treasury is satisfied that it is necessary and proportionate to avoid disruption to the financial stability of the United Kingdom, it may by regulations amend paragraph (1) to extend the temporary recognition period by a period not exceeding 12 months at a time.

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Source: https://www.legislation.gov.uk/uksi/2018/1184/regulation/18 (the official version)
Page: https://openlegislation.uk/central-counterparties-amendment-etc-and-transitional-provision-eu-exit-regulations-2018/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.