Regulation 3 Amendment of the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018

(1)

The Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018^f1 are amended as follows.

(2)

In regulation 19^f2 (cessation of temporary deemed recognition)—

(a)

omit paragraphs (2) and (3),

(b)

in paragraph (4), for “second” substitute “first”,

(c)

in paragraph (5), for “third” substitute “second”, and

(d)

in paragraph (6), for “fourth” substitute “third”.

(3)

In regulation 19A(2)(a)^f3 (eligibility for run-off regime), omit “19(2),”.

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