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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 3 of 3

Regulation 6 Designation of competent authorities

(1) The Bank is responsible for all functions of the competent authority for central counterparties imposed by the EMIR regulation, including -

(a) functions under Title 2 (clearing, reporting and risk mitigation of OTC derivatives);

(b) functions under Title 3 (authorisation and supervision of central counterparties) and in particular Articles 22 and 25;

(c) functions under Title 4 (requirements for central counterparties);

(d) functions under Title 5 (interoperability arrangements);

(e) [deleted]

(f) [deleted]

(g) supervision of the obligations imposed on central counterparties by that Regulation.

(2) [deleted]

(3) The FCA is responsible for all functions of the competent authority for financial counterparties, non-financial counterparties and trading venues imposed by the EMIR regulation, including -