Paragraph 7 Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013

After regulation 55 of the Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 M1 (transitional and saving provisions: designation orders under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999) insert—

“Transitional provisions: markets in financial instruments provisions

55A

(1)

The FCA may grant an exemption in accordance with Article 95(2) of the Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.

(2)

The FCA must notify ESMA whenever it grants an exemption under paragraph (1).”.