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Regulation 81 Relevant day for the purposes of regulation 80

Original text. Later amendments are not shown.

(1)

In relation to the clearing obligation, the relevant day referred to in regulation 80(3) is the earlier of—

(a)

the day which is 2 months after the day on which an equivalence determination in relation to the third country in which the non-UK counterparty is established comes into force; or

(b)

the day which is 3 years after exit day.

(2)

In relation to the risk-management obligation, the relevant day referred to in regulation 80(3) is the earlier of—

(a)

the day which is 4 months after the day on which an equivalence determination in relation to the third country in which the non-UK counterparty is established comes into force; or

(b)

the day which is 3 years after exit day.