Regulation 6 Amendment of the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019

The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019^f1 are amended as follows.

In regulation 1(2) (interpretation), in the definition of “EMIR regulation”, for “as amended by Regulation (EU) 2019/834 of the European Parliament and of the Council of 20 May 2019” substitute “as last amended by Regulation (EU) 2019/2099 of the European Parliament and of the Council of 23 October 2019”.

For regulation 16(3)(a) (public register) substitute—

“(a)

in point (b) for “Article 17” substitute “Article 14 or 15”;”.

Omit regulation 28(4) (procedure for granting and refusing authorisation).

After regulation 32(3) (review and evaluation) insert—

“(3A)

In paragraph 3—

(a)

in the second subparagraph omit the words from “Upon ESMA’s request,” to the end;

(b)

omit the third subparagraph.”.

In regulation 34 (cooperation) after “Articles 23” insert “, 23a”.

In regulation 50(2) (review of models, stress testing and back testing)—