{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-33",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-33.json",
  "legislation": "ukdsi/2018/9780111173732",
  "legislation_title": "The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018",
  "path": "schedule/3/paragraph/33",
  "kind": "paragraph",
  "number": "33",
  "heading": "Information and records for resolution planning",
  "text": "(1) Article 58 (records of financial contracts) is amended as follows.\n(2) In paragraph (2)—\n(a) in sub-paragraph (b) omit “or in another EEA State”; and\n(b) in sub-paragraph (c) for “EEA” substitute “UK”.\n(3) After paragraph (2) insert—\n“(2A) “Financial contracts” means—\n(a) securities contracts, including—\n(i) contracts for the purchase, sale or loan of a security, a group or index of securities;\n(ii) options on a security or group or index of securities;\n(iii) repurchase or reverse repurchase transactions on any such security, group or index;\n(b) commodities contracts, including—\n(i) contracts for the purchase, sale or loan of a commodity or group or index of commodities for future delivery;\n(ii) options on a commodity or group or index of commodities;\n(iii) repurchase or reverse repurchase transactions on any such commodity, group or index;\n(c) futures and forwards contracts, including contracts (other than a commodities contract) for the purchase, sale or transfer of a commodity or property of any other description, service, right or interest for a specified price at a future date;\n(d) swap agreements, including—\n(i) swaps and options relating to interest rates, spot or other foreign exchange agreements, currency, an equity index or equity, a debt index or debt, commodity indexes or commodities, weather, emissions or inflation;\n(ii) total return, credit spread or credit swaps;\n(iii) any agreements or transactions that are similar to an agreement referred to in paragraph (i) or (ii) which is the subject of recurrent dealing in the swaps or derivatives markets;\n(e) inter-bank borrowing agreements where the term of the borrowing is three months or less;\n(f) master agreements for any of the contracts or agreements referred to in sub-paragraphs (a) to (e).”.\n(4) After paragraph (3) insert—\n“(4) The Bank must exercise its functions under this article in accordance with any technical standards under paragraph (5).\n(5) The Bank may make technical standards relating to—\n(a) the circumstances in which it will give a direction under this paragraph; and\n(b) the information that must be contained in the records required by such a direction.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/3/paragraph/33",
    "retrieved_at": "2026-10-30T15:03:43.472272+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}