PART 1Introduction

Citation, commencement and interpretation1

1

These Regulations may be cited as the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018.

2

Parts 2 to 5 of these Regulations come into force on exit day.

3

This Part and Part 6 of these Regulations come into force the day after the day on which they are made.

4

In these Regulations—

  • “the 2000 Act” means the Financial Services and Markets Act 2000 M1;

  • “central counterparty” has the meaning given in section 313(1) (interpretation of Part 18) M2 of the 2000 Act.

  • “the EMIR Regulation” means Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories F1as F2it forms part of retained EU law.