This instrument makes amendments to ensure that the regulatory regime for recognised investment exchanges (RIEs), market operators, clearing houses (including central counterparties (CCPs)) and central securities depositories (CSDs) continues to be clearly defined and operable in UK domestic law after exit day in a no-deal scenario. The regulatory regime is set out in Part 18, 18A and Schedule 17A of the Financial Services and Markets Act 2000 and also in the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001(SI 2001 No. 995) (RRRs). Amendments introduced through this instrument are intended to make only technical changes to existing legislation to ensure that it continues to operate effectively once the UK leaves the EU. Several consequential amendments are also made to reflect amendments being made to retained EU law.
Also see EU Exit SI tracker