The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 No. 335

PART 3 AMENDMENT AND REVOCATION OF RETAINED DIRECT EU LEGISLATION

CHAPTER 1 AMENDMENT OF THE EMIR REGULATION

Default fund

44.  In Article 42, in paragraph 5—

(a) for the words from the beginning to “regulatory” where it first appears substitute “The Bank of England may make”;

(b) omit from “ESMA shall submit” to the end of the paragraph.