The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018 No.

PART 3 AMENDMENT AND REVOCATION OF RETAINED DIRECT EU LEGISLATION

CHAPTER 1 AMENDMENT OF THE EMIR REGULATION

Collateral requirements

47.  In Article 46, in paragraph 3—

(a) for the words from the beginning to “regulatory” where it first appear substitute “The Bank of England may make”;

(b) omit from “ESMA shall submit” to the end of the paragraph.