1. UK Financial Services Law
  2. Legislation (UK)
  3. Statutory Instruments
  4. 2013
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  1. Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 [SI 2013 No. 504]
  2. Part 9 Transitional and saving provisions (regs. 50-55)
  3. Regulation 52 Transitional and saving provisions: central counterparties
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 18 March 2015 - onwards
  Version 4 of 4    

Regulation 52 Transitional and saving provisions: central counterparties

(1) The transition period for a CCP RCH begins with commencement.

(2) The transition period for a CCP RCH established in the United Kingdom ends immediately after -

(a) the Bank determines its application under section 288(1) of the Act in accordance with Article 17 of the EMIR regulation, or

(b) the end of the six month period specified in the first sub-paragraph of Article 89(3) of the EMIR regulation, if the CCP RCH has not made an application under section 288(1) of the Act before the end of that period.

(3) The transition period for a CCP RCH established in an EEA State other than the United Kingdom ends immediately after -

(a) the competent authority of that State determines its application in accordance with Article 17 of the EMIR regulation, or

(b) the end of the six month period specified in the first sub-paragraph of Article 89(3) of the EMIR regulation, if the CCP RCH has not made an application under Article 14 before the end of that period.

(4) The transition period for a

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