# The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020, Regulation 29: Article 49


In Article 49—
(a) in paragraph 1a—
(i) in both places it occurs, for “competent authority and ESMA” substitute “Bank of England”;
(ii) omit “each”;
(b) omit paragraphs 1b and 1c;
(c) in paragraph 1d, for “competent authority and ESMA shall each inform the CCP and each other” substitute “Bank of England shall inform the CCP”;
(d) in paragraph 1e—
(i) for “its competent authority and ESMA” substitute “the Bank of England”;
(ii) for “competent authority, in agreement with ESMA,” substitute “Bank of England”;
(2) for paragraph 5 substitute—
“(5) The Bank of England may make technical standards specifying the conditions under which changes to the models and parameters referred to in paragraph 1 are significant.”.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780111194676/regulation/29 (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-2020/regulation-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.