PART 3Transitional and saving provision

CHAPTER 2Temporary registration

Period during which regulation 9 is to apply12

1

For the purposes of regulation 10(b), the period is one that begins with exit 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 exit 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.