After regulation 12, insert -
"12A. Deemed authorisation to provide a data reporting service
(1) A person to whom this regulation applies is to be treated, for the period determined in accordance with regulation 12C, as if that person is authorised to provide a data reporting service under these Regulations.
(2) This regulation applies to a person -
(a) who immediately before exit day -
(i) is established in an EEA state other than the United Kingdom;
(ii) is authorised in that EEA state in accordance with Title V of the markets in financial instruments directive or is permitted to provide a data reporting service in accordance with Article 59.2 of that directive; and
(b) who has taken the steps set out in paragraph (3).
(3) The steps referred to in this paragraph are that the person has, on or after the day on which this regulation comes into force and no later than 30 working days before the day on which exit day occurs, notified the FCA that the person wishes to be treated in a