The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019

The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019

20.—(1) The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (1) are amended as follows.

(2) In regulation 42 (transitional provisions)—

(a) in paragraph (2), in new paragraph 1B(a)(ii), for “transition period” substitute “period beginning with exit day and ending with 31 December 2019”;

(b) in paragraph (6)—

(i) in new paragraph 5(a), for “transition period” substitute “period beginning with exit day and ending with 31 December 2022”;

(ii) in new paragraph 5(b)—

(aa) for “1 January 2020” substitute “1 January 2023”;

(bb) for “31 December 2019” substitute “31 December 2022”;

(iii) in new paragraph 5A(b), for the words from “in accordance with” to the end substitute “in accordance with Article 36 of this Regulation”;

(c) in paragraph (8), omit the definition of “transition period”.

(3) Omit Chapter 2 of Part 3 (transitional provision – temporary registration).

(4) In regulation 65 (interpretation of Part 3), omit the definitions of “temporary information”, “temporary registration period” and “working day”.

(1)

S.I. 2019/657.