Regulation 12 Period during which regulation 9 is to apply

United Kingdom

(1)

For the purposes of regulation 10(b), the period is one that begins with F1IP completion day and ends with a day determined in accordance with paragraph (2).

(2)

The period ends—

(a)

after three years beginning with the day on which IP completion day occurs, or

(b)

if earlier, with the day—

(i)

before the day on which registration as a trade repository has effect,

(ii)

on which the FCA determines, in accordance with regulation 13(1), that regulation 9 should cease to apply, or

(iii)

on which the person ceases to be included within a group of undertakings which comprises a trade repository registered under the European Markets Infrastructure Regulation, as that Regulation has effect in the European Union.

Annotations

Textual amendments

F1: Words in reg. 12 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(d)