Regulation 3 Amendment of the 2000 Act

(1)

Section 285 (exemption for recognised bodies) is amended as follows.

(2)

In subsection (1)—

(a)

omit paragraph (c)^f1; and

(b)

for paragraph (d)^f2 substitute—

“(d)
“third country central counterparty” means a person established in a country other than the United Kingdom who has been recognised by the Bank of England as a central counterparty pursuant to Article 25 of the EMIR Regulation;”.

(3)

Omit subsection (3B)^f3.

(4)

In subsection (3C)^f4, for “ESMA” substitute “the Bank of England”.

Annotations

Footnotes

f1: Paragraph (c) was substituted by S.I. 2013/504 and amended by S.I. 2017/1064.
f2: Paragraph (d) was substituted by S.I. 2013/504.
f3: Subsection (3B) was inserted by S.I. 2013/504.
f4: Subsection (3C) was inserted by S.I. 2013/504.