{
  "url": "https://openlegislation.uk/draft-over-the-counter-derivatives-central-counterparties-and-trade-repositories-amendment-etc-and-transitional-provision-eu-exit-regulations-2020/regulation-23",
  "json_url": "https://openlegislation.uk/draft-over-the-counter-derivatives-central-counterparties-and-trade-repositories-amendment-etc-and-transitional-provision-eu-exit-regulations-2020/regulation-23.json",
  "legislation": "ukdsi/2020/9780111194676",
  "legislation_title": "The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020",
  "legislation_url": "https://openlegislation.uk/draft-over-the-counter-derivatives-central-counterparties-and-trade-repositories-amendment-etc-and-transitional-provision-eu-exit-regulations-2020",
  "path": "regulation/23",
  "kind": "regulation",
  "number": "23",
  "heading": "Article 25b",
  "text": "In Article 25b—\n(a) in each place where it occurs, for “ESMA” substitute “The Bank of England”;\n(b) in paragraph 1—\n(i) in the first subparagraph, omit the final sentence;\n(ii) omit the third subparagraph;\n(c) in paragraph 2—\n(i) omit “or where ESMA receives a notification pursuant to the third subparagraph of paragraph 1”;\n(ii) for “(2), (3) and (4)” substitute “(2) and (3)”;\n(d) for paragraph 3 substitute—\n“3. The Bank of England shall carry out assessments of the resilience of recognised Tier 2 CCPs to adverse market developments.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2020/9780111194676/regulation/23",
    "retrieved_at": "2026-10-30T14:58:48.940546+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}