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

PART 5 TRANSITIONAL PROVISIONS: INTRAGROUP TRANSACTIONS

Regulations

84.—(1) The Treasury may, in respect of the relevant days referred to in—

(a) regulation 81(1)(b) and (2)(b); or

(b) regulation 83(1)(b) and (2)(b),

prescribe a later day in regulations in respect of any third country in which a non-UK counterparty is established.

(2) The power to make regulations conferred by paragraph (1) is exercisable by statutory instrument.

(3) A statutory instrument made under paragraph (1) is subject to annulment in pursuance of a resolution of either House of Parliament.