http://www.legislation.gov.uk/uksi/2018/1318The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018texttext/xmlenStatute Law DatabaseEXITING THE EUROPEAN UNIONFINANCIAL SERVICES AND MARKETS2023-08-24Expert Participation2023-07-11 These Regulations amend Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories (“the European Markets Infrastructure Regulation”) in order to:— confer, on and after exit day, functions on the Financial Conduct Authority in respect of the registration of trade repositories;— amend certain requirements for the provision of information. The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018RegulationsFinancial Services and Markets Act 2023Sch. 1 Pt. 2s. 1(4)s. 86(3) The Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018 2018 No. 1318Exiting The European UnionFinancial Services And MarketsThe Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018Made6th December 2018Coming into force in accordance with regulation 1(2) and (3)The Treasury make the following Regulations in exercise of the powers conferred by section 8(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 .In accordance with paragraph 1(1) and (2) of Schedule 7 to the European Union (Withdrawal) Act 2018, a draft of this instrument has been laid before, and approved by a resolution of, each House of Parliament.PART 1General provisionCitation and commencement11These Regulations may be cited as the Trade Repositories (Amendment and Transitional Provision) (EU Exit) Regulations 2018.2These Regulations come into force, subject to paragraph (3), on the day after the day on which they are made.3Part 2 comes into force on exit day.PART 2Amendment of retained direct EU legislation: the European Markets Infrastructure RegulationAmendment of provision in respect of registration of a trade repository21Chapter 1 of Title 6 of the European Markets Infrastructure Regulation (conditions and procedures for registration of a trade repository) is amended as follows.2In Article 55 (registration of a trade repository)—ain paragraph 1, for “ESMA” substitute “ the FCA ”;bin paragraph 2, for “Union” substitute “ United Kingdom ”;comit paragraph 3;din paragraph 4, for “ESMA” substitute “ the FCA ”.3In Article 56 (application for registration)—ain paragraph 1, for “ESMA” substitute “ the FCA ”;bin paragraph 2—ifor “ESMA”, where first occurring, substitute “ The FCA ”;iifor “ESMA”, wherever else occurring, substitute “ the FCA ”;cfor paragraph 3 substitute—<P1><Pnumber>3</Pnumber><P1para><Text>The FCA may make technical standards specifying the form and content of applications under paragraph 1.</Text></P1para></P1></P1group></BlockAmendment><AppendText>;</AppendText></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1318/regulation/2/3/d" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1318/regulation/2/3/d" id="regulation-2-3-d"><Pnumber>d</Pnumber><P3para><Text>omit paragraph 4.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1318/regulation/2/4" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1318/regulation/2/4" id="regulation-2-4"><Pnumber>4</Pnumber><P2para><Text>Omit Article 57 (notification of and consultation with competent authorities prior to registration).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1318/regulation/2/5" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1318/regulation/2/5" id="regulation-2-5"><Pnumber>5</Pnumber><P2para><Text>In Article 58 (examination of the application)—</Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1318/regulation/2/5/a" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1318/regulation/2/5/a" id="regulation-2-5-a"><Pnumber>a</Pnumber><P3para><Text>in paragraph 1, for “ESMA” substitute <InlineAmendment>“ The FCA ”</InlineAmendment>;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1318/regulation/2/5/b" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1318/regulation/2/5/b" id="regulation-2-5-b"><Pnumber>b</Pnumber><P3para><Text>omit paragraph 2.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2018/1318/regulation/2/6" IdURI="http://www.legislation.gov.uk/id/uksi/2018/1318/regulation/2/6" id="regulation-2-6"><Pnumber>6</Pnumber><P2para><Text>Omit Article 59 (notification of ESMA decisions relating to registration).</Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Title>Amendment of provision in respect of the requirements for trade repositories3In Title 7 of the European Markets Infrastructure Regulation (requirements for trade repositories), in Article 81 (transparency and data availability)—ain paragraph 3, for points (a) to (q) substitute—athe FCA;bthe Bank of England;cthe Pensions Regulator.;bomit paragraph 4;c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Interpretation4In this Part, a reference to the European Markets Infrastructure Regulation is to Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories as it forms part of retained EU law .PART 3Transitional and saving provisionCHAPTER 1Advance applicationsAdvance application for registration as a trade repository51A person may submit an advance application to the FCA for registration as a trade repository.2Such an application must—abe made in such manner, andbcontain, or be accompanied by, such information,as the FCA may direct.Assessment of whether an advance application is complete6The FCA must, before the end of a period of 20 working days beginning with the day of receipt—aif it considers that an advance application complies with the directions under regulation 5(2), confirm in writing to the applicant that the application is complete;bif it considers that the application does not comply with one or more of the directions under that regulation—iconfirm in writing to the applicant that the application is not complete, andiiwhere applicable, inform the applicant of the steps which need to be taken, and the time within which they need to be taken, for the application to be considered complete.Determination of an advance application71The FCA must, before the end of a period of 40 working days beginning with the day on which the FCA confirms that an application is complete, take the following steps.2The first step is that the FCA must consider the application based on compliance with—aArticles 78 to 80 of the European Markets Infrastructure Regulation, andbArticle 81 of the European Markets Infrastructure Regulation, as that Article has effect on IP completion day.3The second step is that the FCA must decide whether the applicant should be registered as a trade repository or whether the application for registration should be rejected.4The third step is that the FCA must notify the applicant of its decision, and the reasons therefor.Effect of determining an advance application8A decision in respect of an advance application under regulation 7(3) has effect from—athe day of notification, orb IP completion day,whichever is later, as if it were a decision to register or refuse registration adopted in accordance with Article 58 of the European Markets Infrastructure Regulation (notwithstanding provision in Chapter 1 of Title 6 of that Regulation in respect of when a decision has effect).CHAPTER 2Temporary registrationTemporary deemed registration under the European Markets Infrastructure Regulation91A person to whom this regulation applies is to be treated as if the person is registered as a trade repository under Chapter 1 of Title 6 of the European Markets Infrastructure Regulation.2Reference in an enactment to a person registered as a trade repository under that Chapter, however expressed, is to be read, unless the contrary intention appears, as including a person treated as being so registered by virtue of this regulation.Application of regulation 910Regulation 9 applies to a person—awho satisfies the conditions in regulation 11;bfor the period determined in accordance with regulation 12.Conditions to be satisfied for regulation 9 to apply11The conditions are—athe person is a body corporate which, immediately before IP completion day, is—iincorporated under the law of any part of the United Kingdom, andiiincluded within a group of undertakings which comprises a trade repository registered under the European Markets Infrastructure Regulation;bthe person has—isubmitted an advance application in accordance with regulation 5, whether or not the application complies with the directions under regulation 5(2)(b), andiinot been notified by the FCA of its decision in respect of the application in accordance with regulation 7(4).Period during which regulation 9 is to apply121For the purposes of regulation 10(b), the period is one that begins with IP completion day and ends with a day determined in accordance with paragraph (2).2The period ends—aafter three years beginning with the day on which IP completion day occurs, orbif earlier, with the day—ibefore the day on which registration as a trade repository has effect,iion which the FCA determines, in accordance with regulation 13(1), that regulation 9 should cease to apply, oriiion 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.Cessation following a determination by the FCA131The FCA may determine that regulation 9 should cease to apply to a person—awhere, in respect of an advance application—ithe application does not comply with a direction under regulation 5(2), andiithe steps referred to in regulation 6(b)(ii) have not been taken within the time specified;bfollowing a decision refusing registration in accordance with regulation 7(3);cat the request of the person to whom regulation 9 applies.2The FCA must notify the person in respect of whom the determination is made of the day on which regulation 9 will cease to apply.3Paragraph (1) is subject to Article 71 (withdrawal of registration) of the European Markets Infrastructure Regulation.CHAPTER 2A<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Temporary registration for run-off period</Addition><Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Temporary deemed registration under the European Markets Infrastructure Regulation for run-off period</Addition>13A1A person to whom this regulation applies is to be treated as if the person is registered as a trade repository under Chapter 1 of Title 6 of the European Markets Infrastructure Regulation.2Reference in an enactment to a person registered as a trade repository under that Chapter, however expressed, is to be read, unless the contrary intention appears, as including a person treated as being so registered by virtue of this regulation.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Application of regulation 13A</Addition>13BRegulation 13A applies to a person—awho satisfies the condition in regulation 13C;bfor the period determined in accordance with regulation 13D.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Condition to be satisfied for regulation 13A to apply</Addition>13CThe condition is that the FCA has determined that regulation 9 should cease to apply to a person in accordance with regulation 13, or that the FCA has withdrawn registration of a person to whom regulation 9 applies in accordance with Article 71 of the European Market Infrastructure Regulation.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Period during which regulation 13A is to apply</Addition>13DFor the purposes of regulation 13B(b), the period is a period of one year beginning with the day on which the condition in regulation 13C is satisfied, or such shorter period as the FCA may determine in a particular case.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Transitional arrangements during the run-off period</Addition>13E1The FCA may make such transitional arrangements imposing requirements in respect of the registration of a person to whom regulation 13A applies as it considers necessary or expedient.2A requirement may, in particular, be imposed—aso as to require the person concerned to take specified action, including to make arrangements for the transfer of data stored by the person to a person to whom regulation 9 applies or a person which is registered as a trade repository under Chapter 1 of Title 6 of the European Markets Infrastructure Regulation, orbso as to require the person concerned to refrain from taking specified action.3A requirement may be imposed by reference to the person’s relationship with—athe person’s group, orbother members of the person’s group.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Notification of a decision to impose requirements under regulation 13E</Addition>13F1This regulation applies to an exercise of the FCA’s power to impose a requirement in respect of the registration of a person (‘P’) in accordance with regulation 13E.2The imposition of the requirement takes effect—aimmediately, if the notice given under paragraph (4) states that that is the case,bon such date as may be specified in the notice, orcif no date is specified in the notice, when the matter to which the notice relates is no longer subject to review.3The imposition of a requirement 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 imposition of the requirement to take effect immediately (or on that date).4If the FCA proposes to impose, or imposes a requirement, it must give P written notice.5The notice must—agive details of the requirement,bstate the FCA’s reasons for imposition of the requirement,cinform P that P may make representations to the FCA within such period as may be specified in the notice, whether or not P has referred the matter to the Upper Tribunal (“the Tribunal”),dinform P of when the imposition of the requirement takes effect, andeinform P of P’s right to refer the matter to the Tribunal.6The FCA may extend the period allowed under the notice for making representations.7If, having considered any representations made by P, the FCA decides—ato impose the requirement, in the way proposed, orbif the requirement has been imposed, not to rescind the imposition of the requirement,it must give P written notice.8If, having considered any representations made by P, the FCA decides—anot to impose the requirement in the way proposed,bto impose a different requirement, orcto rescind a requirement which has effect,it must give P written notice.9A notice under paragraph (7) must inform P of P’s right to refer the matter to the Tribunal.10A notice under paragraph (8)(b) must comply with paragraph (5).11If a notice informs P of P’s right to refer a matter to the Tribunal, it must give an indication of the procedure on such a reference.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Right to refer to the Tribunal</Addition>13GP (within the meaning of regulation 13F) may refer to the Tribunal the FCA’s decision to impose a requirement under regulation 13E.<Addition ChangeId="key-a1e862a97be5b58017cce0fb9c17adf6-1573117809821" CommentaryRef="key-a1e862a97be5b58017cce0fb9c17adf6">Application of Part 9 of the Financial Services and Markets Act 2000</Addition>13H1Part 9 of the Financial Services and Markets Act 2000 (‘the Act’) (hearings and appeals) applies in respect of a reference to the Tribunal under regulation 13G as it applies in respect of a reference to the Tribunal under the Act but with the following modifications.2In section 133 (proceedings before Tribunal: general provisions)—ain subsection (1)—iomit “(whether made under this or any other Act)”;iiin paragraph (a), omit “or the PRA”;iiiomit paragraphs (b) and (c);bomit subsection (1A);cin subsection (2), omit “, (b) or (c)”;domit subsection (5);ein subsection (6), omit “In any other case,”;fomit subsection (7A).3Omit section 133A (proceedings before the Tribunal: decision and supervisory notices, etc).4In section 133B (offences), in subsection (1)—ain paragraph (a), omit “or the PRA”;bomit paragraphs (b) and (c).CHAPTER 3Registration conversionRegistration under the European Markets Infrastructure Regulation141Notwithstanding Articles 55 to 58 of the European Markets Infrastructure Regulation, a person to whom this regulation applies is, on and after IP completion day, registered as a trade repository under Chapter 1 of Title 6 of that Regulation.2Reference in an enactment to a person registered under that Chapter, however expressed, includes a person registered by virtue of this regulation.Application of regulation 1415Regulation 14 applies to a person who—asatisfies the conditions in regulation 16, andbnotifies the FCA in accordance with regulation 17.Conditions to be satisfied for regulation 14 to apply16The conditions are that the person is a body corporate which, immediately before IP completion day, is—aincorporated under the law of any part of the United Kingdom, andbregistered as a trade repository under the European Markets Infrastructure Regulation.Notification for registration171The person must, no later than the final day, notify the FCA that the person wishes to be registered in accordance with regulation 14.2For the purposes of paragraph (1), the notification must—abe made in such manner, andbcontain, or be accompanied by, such information,as the FCA may direct.3For the purposes of paragraph (1), the final day is—athe day before the day on which IP completion day occurs, orbsuch earlier day as the FCA may direct.Acknowledgement of receipt18The FCA must, before the end of a period of 10 working days beginning with the day on which it receives a notification under regulation 17, send the person making the notification an acknowledgment of receipt.FCA's response19The FCA must, before the end of a period of 20 working days beginning with the day on which it receives a notification under regulation 17—aif it considers that the notification complies with the requirements of, or made under, that regulation, confirm in writing to the person making the notification that the notification is valid;bif it considers that the notification does not comply with those requirements—iconfirm in writing to the person making the notification that the notification is not valid, andiiwhere applicable, inform the person of the steps which need to be taken, and the time within which they need to be taken, for the notification to be considered valid.CHAPTER 4General provisionsMisleading the FCA: criminal offence20Section 398 of the Financial Services and Markets Act 2000 (misleading the FCA or PRA: residual cases) applies to a requirement to provide information in accordance with—aa direction under regulation 5(2)(b) or 17(2)(b),bregulation 21, orca written notification under regulation 21A,as it applies to a requirement falling within subsection (1A) of that section.<Addition ChangeId="key-ae09bf3f5f973929629b148e8df7e3be-1621506091575" CommentaryRef="key-ae09bf3f5f973929629b148e8df7e3be">Further information to be supplied</Addition>20ASubject to regulation 21A(7), regulations 21 and 21A apply to a person who, before IP completion day—ahas submitted an advance application to the FCA in accordance with regulation 5, and has not been notified by the FCA of its decision in respect of the application in accordance with regulation 7;bhas notified the FCA in accordance with regulation 17, and has not received a response from the FCA in accordance with regulation 19; orchas been notified by the FCA of a decision to register in accordance with regulation 7 or a decision to confirm the notification in accordance with regulation 19.Duty to disclose information21A person to whom this regulation applies must notify the FCA without delay if—aany information contained in, or accompanying—ian advance application submitted in accordance with regulation 5, oriia notification made in accordance with regulation 17,changes; orbthere are any material changes which affect or may affect compliance by that person with the conditions for registration set out in Title 7 of the European Market Infrastructure Regulation.<Addition ChangeId="key-20f20ca32d757a0e341c71af7fb75799-1621506842094" CommentaryRef="key-20f20ca32d757a0e341c71af7fb75799">FCA power to require information from a person to whom this regulation applies</Addition>21A1The FCA may, by notice in writing given to a person to whom this regulation applies, require that they—aprovide information specified or information of a description specified by the FCA; orbproduce documents specified or documents of a description specified by the FCA.2The information or documents must be provided or produced—abefore the end of such reasonable period, andbat such place,as may be specified.3The powers conferred by paragraphs (1) and (2) apply only to information and documents reasonably required—ain connection with the exercise by the FCA of functions conferred on it by or under these Regulations; andbin anticipation of the exercise by the FCA of the functions conferred on it by or under the European Market Infrastructure Regulation and the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019/335 on IP completion day.4An officer who has written authorisation from the FCA to do so may request that a person to whom this regulation applies without delay—aprovide the officer with specified information or information of a specified description; orbproduce to the officer specified documents or documents of a specified description.5The FCA may require any information provided under this regulation to be provided in such form as it may reasonably require.6The FCA may require—aany information provided, whether in a document or otherwise, to be verified in such manner, orbany document produced to be authenticated in such manner,as it may reasonably require.7The FCA may also impose requirements under paragraphs (1) to (4) on related third parties, to whom a person to whom this regulation applies has outsourced operational functions or activities, to provide all information that is necessary in order to carry out the duties of the person to whom this regulation applies.8In this regulation, “officer” means an officer of the FCA and includes a member of the FCA’s staff or an agent of the FCA.Directions221The power to make a direction under this Part includes the power—ato make different directions in relation to different applications or categories of application;bto vary or revoke a previous direction.2A direction under this Part must be—ain writing, andbpublished by the FCA in a manner suitable to bring it to the attention of persons likely to be affected.Interpretation231In this Part—“advance application” means an application submitted during the period—beginning with the day on which this Part comes into force, andending immediately before IP completion day;“the European Markets Infrastructure Regulation” means Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories, as amended from time to time (unless the contrary intention appears);“the FCA” means the Financial Conduct Authority;“trade repository” has the same meaning as in Article 2(2) of the European Markets Infrastructure Regulation;“working day” means a day other than—a Saturday or a Sunday,Christmas Day or Good Friday, ora day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.2Reference to a group of undertakings is to be construed in accordance with Article 2(16) of the European Markets Infrastructure Regulation, as that Regulation has effect immediately before IP completion day.Paul MaynardRebecca Harris Two of the Lords Commissioners of Her Majesty's Treasury

(This note is not part of the Regulations)

These Regulations amend Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories (“the European Markets Infrastructure Regulation”) in order to:— confer, on and after exit day, functions on the Financial Conduct Authority in respect of the registration of trade repositories;— amend certain requirements for the provision of information.

Section 8(2)(b) of the European Union (Withdrawal) Act 2018 (c. 16), in particular, is relevant to these Regulations.

These Regulations also make transitional provision in respect of applications for registration as a trade repository and to convert registration as a trade repository under EU law to registration under retained EU law.

In these Regulations:— Part 1 makes provision as to citation and commencement;— Part 2 amends the European Markets Infrastructure Regulation;— Part 3 makes transitional and saving provision, of which:Chapter 1 makes provision for applications for registration as a trade repository to be submitted and considered in advance of exit day;Chapter 2 makes provision for a person to be treated as registered as a trade repository under retained EU law while an advance application for registration is determined;Chapter 3 makes provision for a person's registration as an EU trade repository under the European Markets Infrastructure Regulation pre-exit day to be converted into a registration as a UK trade repository post-exit day;Chapter 4 makes general provision.

An impact assessment of the effect that this instrument, and certain other instruments made by HM Treasury under the European Union (Withdrawal) Act 2018 (c. 16), will have on the costs of business, the voluntary sector and the public sector is available from HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and is published alongside this instrument at www.legislation.gov.uk.

2018 c. 16.Article 81 of the European Markets Infrastructure Regulation is amended, with effect from IP completion day, by regulation 3.1971 c. 80; amended by section 1 of the St Andrew's Day Bank Holiday (Scotland) Act 2007 (asp 2).Pt. 3 Ch. 2A inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 11Words in reg. 3(a) substituted (30.10.2019) 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(2), 8(a)Reg. 3(c) omitted (30.10.2019) by virtue of 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(2), 8(b)Words in reg. 11 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(c)Words in reg. 12 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(d)Words in reg. 7 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(a)Words in reg. 8 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(b)Words in reg. 14 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(e)Words in reg. 16 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(f)Words in reg. 17 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(g)Words in reg. 23 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 9(h)Words in reg. 4 substituted (25.6.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2020 (S.I. 2020/646), regs. 1(2)(c), 5Words in reg. 4 substituted (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 47(2)Reg. 20 substituted (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 47(3)Reg. 20A inserted (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 47(4)Regs. 21, 21A substituted for reg. 21 (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 47(5)Regulations modified (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)