Regulation 15 Transitional arrangements during the run-off period

(1)

The FCA may make such transitional arrangements imposing requirements in respect of the registration of a person to whom regulation 11 applies as it considers necessary or expedient.

(2)

A requirement may, in particular, be imposed—

(a)

so as to require the person concerned to take specified action, including to make arrangements for the transfer of data stored by the person to whom regulation 6 or 11 applies or a person which is registered as a trade repository under Chapter III of the EU SFT Regulation; or

(b)

so as to require the person concerned to refrain from taking specified action.

(3)

A requirement may be imposed by reference to the person’s relationship with—

(a)

the person’s group; or

(b)

other members of the person’s group.