# The Securitisation (Amendment) (EU Exit) Regulations 2019, Regulation 12: Article 10 (registration of a securitisation repository)


(1) Article 10 is amended as follows.
(2) In paragraphs 1, 4 and 5 for “ESMA”, wherever it appears, and in paragraph 6, in the second place where it appears, substitute “the FCA”.
(3) In paragraph 2 for “the Union” substitute “the United Kingdom”.
(4) Omit paragraph 3.
(5) After paragraph 5 insert—
“5A. For the purposes of this Article, Articles 78, 79 and 80 of Regulation (EU) No 648/2012 have effect in relation to a securitisation repository as they have effect in relation to a trade repository, but with the following modifications—
(a) a reference to a trade repository is a reference to a securitisation repository within the meaning given by point (23) of Article 2 of this Regulation; and
(b) a reference to Regulation (EU) No 648/2012 is a reference to this Regulation.”.
(6) In paragraph 6 for “ESMA”, in the first place where it appears, substitute “The FCA”;
(7) In paragraph 7—
(a) in the first subparagraph for “ESMA shall develop draft regulatory” substitute “the FCA may make”; and
(b) omit the second and third subparagraphs.
(8) In paragraph 8—
(a) in the first subparagraph for “ESMA shall develop draft implementing” substitute “the FCA may make”; and
(b) omit the second, third and fourth subparagraphs.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179024/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-securitisation-amendment-eu-exit-regulations-2019/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.