Regulation 13E Transitional arrangements during the run-off periodF1

(1)

The FCA may make such transitional arrangements imposing requirements in respect of the registration of a person to whom regulation 13A 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 a person to whom regulation 9 applies or a person which is registered as a trade repository under Chapter 1 of Title 6 of the European Markets Infrastructure 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.

Annotations

Textual amendments

F1: Pt. 3 Ch. 2A inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 11