# The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018, Regulation 13: Intragroup transactions


(1) Article 3 is amended as follows.
(2) In paragraph 1—
(a) for “Union” substitute “United Kingdom”;
(b) at the end insert “before exit day and the Treasury have made regulations under that Article in respect of that third country after exit day”.
(3) In paragraph 2—
(a) in point (a)—
(i) in point (i)—
(aa) for “Union” substitute “United Kingdom”;
(bb) at the end insert “before exit day and the Treasury have made regulations under that Article in respect of that third country after exit day”;
(ii) in point (iv) after “control procedures;” insert “or”;
(b) omit points (b) and (c);
(c) in point (d)—
(i) for “Union” substitute “United Kingdom”;
(ii) at the end insert “before exit day and the Treasury have made regulations under that Article in respect of that third country after exit day”.
(4) In paragraph 3, for point (b) substitute—
“(b) covered by the same supervision on a consolidated basis in accordance with the Capital Requirements Regulation, or in relation to a group the parent undertaking of which has its head office in a third country, the same supervision on a consolidated basis by a third-country competent authority verified as equivalent to that governed by the principles laid down in accordance with the Capital Requirements Regulation.”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111176214/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-over-the-counter-derivatives-central-counterparties-and-trade-repositories-amendment-etc-and-transitional-provision-eu-exit-regulations-2018/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.