(1) The provisions of Part 9A of the FSMA (rules and guidance) specified in the following paragraphs apply but with the following modifications.

(2) In Part 9A, the references to rules includes rules made under that Part as modified by this regulation.

(3) Before section 137A insert -

"137ZA. Interpretation of Part 9A

In this Part, "the 2019 Regulations" means the Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019.".

(4) In section 137A (the FCA's general rules) -

(a) for subsection (1) substitute -

"(1) The FCA may make such rules applying to trade repositories registered under Chapter 3 of the SFT regulation -

(a) with respect to the carrying on by them of trade repository activities within the meaning given in Part 4 of the 2019 Regulations, or

(b) with respect to the carrying on by them of activities which are not trade repository activities within the meaning given in that Part of those Regulations,

as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives.";