Regulation 3 Amendment of Regulation (EU) No 648/2012I1

United Kingdom

(1)

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories^f1 is amended as follows.

(2)

In Article 4(5A)(a) (clearing obligation), for “two years” substitute “four years”.

Annotations

Commencement

I1: Reg. 3 in force at 31.12.2022 at 11.00 p.m., see reg. 1(2)

Footnotes

f1: EUR 2012/648. Article 4(5A) was inserted by S.I. 2019/660 (as amended by S.I. 2020/1301); there are other amending instruments but none is relevant.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (1.11.2024 for the revocation of reg. 4) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 5 (with s. 1(4)); S.I. 2024/891, reg. 2(e)(ii)