http://www.legislation.gov.uk/eur/2012/648/title/VIRegulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)Regulation (EU) No 648/2012 of the European Parliament and of the CouncilRegulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20200618texttext/xmlen2025-12-04Expert Participation2025-11-30 TITLE VI <Strong>REGISTRATION AND SUPERVISION OF TRADE REPOSITORIES</Strong> CHAPTER 1<Strong><Emphasis>Conditions and procedures for registration of a trade repository</Emphasis></Strong>Registration of a trade repositoryArticle 551A trade repository shall register with the FCA for the purposes of Article 9.2To be eligible to be registered under this Article, a trade repository shall be a legal person established in the United Kingdom and meet the requirements laid down in Title VII.3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4A registered trade repository shall comply at all times with the conditions for registration. A trade repository shall, without undue delay, notify the FCA of any material changes to the conditions for registration.Application for registrationArticle 56 1 For the purposes of Article 55(1), a trade repository shall submit either of the following to the FCA: a an application for registration; b an application for an extension of the registration where the trade repository is already registered under Chapter III of Regulation (EU) 2015/2365. 2 The FCA shall assess whether the application is complete within 20 working days of receipt of the application.Where the application is not complete, the FCA shall set a deadline by which the trade repository is to provide additional information.After assessing an application as complete, the FCA shall notify the trade repository accordingly. 3 The FCA may make technical standards specifying the form and content of applications under paragraph 1. 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Notification of and consultation with competent authorities prior to registrationArticle 57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Examination of the applicationArticle 581 The FCA shall, within 40 working days from the notification referred to in the third subparagraph of Article 56(2), examine the application for registration based on the compliance of the trade repository with Articles 78 to 81 and shall adopt a fully reasoned registration decision or decision refusing registration.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Notification of ESMA decisions relating to registrationArticle 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Exercise of the powers referred to in Articles 61 to 63Article 60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Request for informationArticle 61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .General investigationsArticle 62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .On-site inspectionsArticle 63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Procedural rules for taking supervisory measures and imposing finesArticle 64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FinesArticle 65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Periodic penalty paymentsArticle 66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Hearing of the persons concernedArticle 67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Disclosure, nature, enforcement and allocation of fines and periodic penalty paymentsArticle 68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Review by the Court of JusticeArticle 69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Amendments to Annex IIArticle 70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Withdrawal of registrationArticle 711The FCA may, on its own initiative, withdraw the registration of a trade repository where the trade repository:aexpressly renounces the registration or has provided no services for the preceding 6 months;bobtained the registration by making false statements or by any other irregular means; orcno longer meets the conditions for registration.2The FCA may also, on its own initiative, withdraw the registration of a trade repository where it is desirable to do so to advance one or more of its operational objectives set out in section 1B(3) of the FSMA.3The FCA may, on an application by a trade repository, withdraw the registration of the trade repository.4The decision to withdraw the registration of a trade repository under paragraph 1, 2 and 3 shall be reflected in the Register. <Addition ChangeId="key-9438f7cec269c27c0aa8e5ac48fddec9-1682075406833" CommentaryRef="key-9438f7cec269c27c0aa8e5ac48fddec9">Publication and notification of decisions about registration of trade repositories </Addition>Article 71a1The FCA must publish on its website a list of trade repositories registered in accordance with Article 58 (“the Register”).2On the adoption of a decision under Article 58 or 71, the FCA must notify its decision to the trade repository concerned.3A refusal of an application to register under Article 58 comes into effect on the fifth working day following the day on which it is adopted.4A withdrawal of registration under Article 71 takes effect:aimmediately upon the adoption of the decision if the notice states that is the case;bon such date as may be specified in that notice; orcif no date is specified in the notice, when the matter to which the notice relates is no longer open to review.5A decision to withdraw a registration on the FCA's own initiative under paragraph 1 or 2 of Article 71 may be expressed to take effect immediately (or on a specified date) only if the FCA, having regard to the ground on which it is exercising its power reasonably considers that it is necessary for the withdrawal or direction to take effect immediately (or on that date).6If the decision referred to in paragraph 2 is:ato refuse the application for registration made under Article 58;bto exercise the FCA's power under paragraph 1 or 2 of Article 71; orcto refuse an application made by a trade repository under paragraph 3 of Article 71,the FCA must give the trade repository a written notice.7A written notice under paragraph 6 must:agive details of the decision made by the FCA;bstate the FCA's reasons for the decision;cstate when the decision takes effect; anddinform the trade repository that it may either:i)request a review of the decision by the FCA, and make written representations for the purpose of the review, within such period as may be specified in the notice; orii)refer the matter to the Upper Tribunal (“the Tribunal”) within such period as may be specified in the notice; andeindicate the procedure on a reference to the Tribunal.8If the trade repository requests a review of the decision made by the FCA (“the original decision”) the FCA must consider any written representations made by the trade repository and review the original decision.9On a review under paragraph 8, the FCA may adopt any decision (“the new decision”) it could have adopted on the application.10The FCA must give the trade repository written notice of its decision on the review.11This paragraph applies to a decision—ato maintain a decision to refuse an application for registration, made under Article 58;bto refuse to revoke a decision made under paragraph 1 or 2 of Article 71; orcto maintain a decision to refuse an application from a trade repository under paragraph 3 of Article 71.12A written notice in relation to a decision to which paragraph 11 applies must:agive details of the new decision made by the FCA;bstate the FCA's reasons for the new decision;cstate whether the decision takes effect immediately or on such date as may be specified in the notice;dinform the trade repository that it may, within such period as may be specified in the notice, refer the new decision to the Tribunal; andeindicate the procedure on a reference to the Tribunal.<Addition ChangeId="key-9438f7cec269c27c0aa8e5ac48fddec9-1682075423329" CommentaryRef="key-9438f7cec269c27c0aa8e5ac48fddec9">Reference to the Tribunal</Addition> Article 71b 1A trade repository may, subject to paragraph 2, refer to the Tribunal the FCA's decision to:arefuse to register the trade repository under Article 58;bexercise its power under paragraph 1 or 2 of Article 71; orcrefuse the trade repository's application under paragraph 3 of Article 71.2Where there is a review under paragraph 8 of Article 71a, paragraph 1 applies only in relation to the FCA's decision in response to that review.Supervisory feesArticle 72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory measures by ESMAArticle 73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Delegation of tasks by ESMA to competent authoritiesArticle 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHAPTER 2 <Strong> <Emphasis>Relations with third countries</Emphasis> </Strong> Equivalence <CommentaryRef Ref="key-e1a68158bdab6936601d038e0b407e82"/>...Article 751 The Treasury may by regulations determine that the legal and supervisory arrangements of a third country ensure that:atrade repositories authorised in that third country comply with legally binding requirements which are equivalent to those laid down in this Regulation including compliance with the requirements to give direct and immediate access to the data to the entities referred to in paragraph 3 of Article 81;beffective supervision and enforcement of trade repositories takes place in that third country on an ongoing basis; andcguarantees of professional secrecy exist, including the protection of business secrets shared with third parties by the authorities, and they are at least equivalent to those set out in this Regulation. Regulations made under the first sub-paragraph must also specify the relevant authorities in third countries which are entitled to access data held by trade repositories established in the United Kingdom. 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 The FCA shall establish cooperation arrangements with the competent authorities of the relevant third countries. Those arrangements shall specify at least:aa mechanism for the exchange of information between the FCA on the one hand and the relevant competent authorities of third countries concerned on the other; andbprocedures concerning the coordination of supervisory activities.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cooperation arrangementsArticle 76Relevant authorities of third countries that do not have any trade repository established in their jurisdiction may contact the FCA with a view to establishing cooperation arrangements to access information on derivatives contracts held in trade repositories established in the United Kingdom. The FCA may establish cooperation arrangements with those relevant authorities regarding access to information on derivatives contracts held in trade repositories established in the United Kingdom that these authorities need to fulfil their respective responsibilities and mandates, provided that guarantees of professional secrecy exist, including the protection of business secrets shared by the authorities with third parties. <Addition ChangeId="O011001M032" CommentaryRef="c000010">Mutual direct access to data </Addition> Article 76a 1 Where necessary for the exercise of their duties, relevant authorities of third countries in which one or more trade repositories are established shall have direct access to information in trade repositories established in the United Kingdom, provided that the Treasury has made regulations in accordance with paragraph 2 to that effect. 2 Upon the submission of a request by the authorities referred to in paragraph 1 of this Article, the Treasury may by regulations determine whether the legal framework of the third country of the requesting authority fulfils all of the following conditions: a trade repositories established in that third country are duly authorised; b effective supervision and enforcement of trade repositories takes place in that third country on an ongoing basis; c guarantees of professional secrecy exist, including the protection of business secrets shared with third parties by the authorities, and they are at least equivalent to those set out in this Regulation; d trade repositories authorised in that third country are subject to a legally binding and enforceable obligation to grant the entities referred to in Article 81(3) direct and immediate access to the data. Recognition of trade repositoriesArticle 771A trade repository established in a third country may provide its services and activities to entities established in the United Kingdom for the purposes of Article 9 only after its recognition by the FCA in accordance with paragraph 2.2A trade repository referred to in paragraph 1 shall submit to the FCA its application for recognition together with all necessary information, including at least the information necessary to verify that the trade repository is authorised and subject to effective supervision in a third country ...Within 30 working days of receipt of the application or the date on which a cooperation arrangement with a third country prescribed in accordance with paragraph 3 of Article 75 is entered into, whichever is later, the FCA shall assess whether the application is complete. If the application is not complete, the FCA shall set a deadline by which the applicant trade repository has to provide additional information.Within 180 working days of the submission of a complete application, the FCA shall inform the applicant trade repository in writing with a fully reasoned explanation whether the recognition has been granted or refused.The FCA shall publish on its website a list of the trade repositories recognised in accordance with this Regulation.3The FCA may grant recognition to a trade repository established in a third country only if:athe trade repository is authorised and subject to supervision in that third country;bthe third country is recognised by regulations made by the Treasury as one in which the arrangements for trade repositories are equivalent to those in the United Kingdom (in accordance with paragraph 1 of Article 75); andccooperation arrangements entered into with the third country (in accordance with paragraph 3 of Article 75) provide for the FCA to have immediate and continuous access to the information needed for the performance of their duties, including information on derivative contracts held in trade repositories established in the third country.4The FCA may, on its own initiative, withdraw the recognition of a trade repository granted under paragraph 2 where the trade repository:ano longer meets the conditions for recognition in points (a) to (c) of paragraph 3;bexpressly renounces the recognition or has provided no services for the preceding 6 months; orcobtained the recognition by making false statements or by any other irregular means.5A trade repository must, without undue delay, notify the FCA of any material changes affecting the condition for recognition in point (a) of paragraph 3. Substituted by Regulation (EU) 2019/834 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 648/2012 as regards the clearing obligation, the suspension of the clearing obligation, the reporting requirements, the risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty, the registration and supervision of trade repositories and the requirements for trade repositories (Text with EEA relevance).Inserted by Regulation (EU) 2019/834 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 648/2012 as regards the clearing obligation, the suspension of the clearing obligation, the reporting requirements, the risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty, the registration and supervision of trade repositories and the requirements for trade repositories (Text with EEA relevance).Words in Art. 55(1) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(2)(a) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 55(2) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(2)(b) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 55(3) omitted (31.12.2020) by virtue of The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(2)(c) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 55(4) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(2)(d) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 56(1) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(3)(a) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 56(2) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(3)(b)(i) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 56(2) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(3)(b)(ii) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 56(3) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(3)(c) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 56(4) omitted (31.12.2020) by virtue of The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(3)(d) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 57 omitted (31.12.2020) by virtue of The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(4) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 58(1) substituted (31.12.2020) by The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(5)(a) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 58(2) omitted (31.12.2020) by virtue of The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(5)(b) (with regs. 14-19) (as amended by S.I. 2020/56, regs. 1, 9 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 59 omitted (31.12.2020) by virtue of The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1318), regs. 1(3), 2(6) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Arts. 60-70 omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(1) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1) Arts. 71-71b substituted for Art. 71 (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Arts. 72-74 omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 75 heading omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(5) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 75(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(6)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 75(1)(a) inserted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(6)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 75(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(6)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 75(2) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(7) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 75(3) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(8)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 75(3)(a) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(8)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 75(4) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(9) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 76 substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(10)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 76 substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(10)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 76 substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(10)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 76a(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019 (S.I. 2019/1416), regs. 1(3), 31(a)(i) (with savings in S.I. 2019/680, reg. 11 as amended by S.I. 2020/628, regs. 1(3), 13(2); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 76a(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019 (S.I. 2019/1416), regs. 1(3), 31(a)(ii) (with savings in S.I. 2019/680, reg. 11 as amended by S.I. 2020/628, regs. 1(3), 13(2); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 76a(2) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019 (S.I. 2019/1416), regs. 1(3), 31(b) (with savings in S.I. 2019/680, reg. 11 as amended by S.I. 2020/628, regs. 1(3), 13(2); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 77(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(12)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 77(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(12)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 77(2) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(13)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 77(2) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(13)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 77(2) inserted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(13)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Art. 77(3)-(5) inserted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 56(14) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)