# The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018, Regulation 55: Approval of interoperability arrangements


(1) Article 54 is amended as follows.
(2) In paragraph 1, for “competent authorities of the CCPs involved” substitute “CCP’s competent authority”.
(3) In paragraph 2—
(a) for “competent authorities” substitute “competent authority”;
(b) omit the words from “or authorised” to “three years”.
(4) For paragraph 3 substitute—
“3. Where the competent authority considers that the requirements laid down in paragraph 2 are not met, it shall provide explanations in writing regarding its risk considerations to the CCPs involved.”.
(5) Omit paragraph 4.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111176214/regulation/55 (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-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.