Powers exercised

A. The Financial Conduct Authority (“the FCA”) makes this instrument in the exercise of:

(1) section 139A (Power of the FCA to give guidance) of the Financial Services and Markets Act 2000 (“the Act”);

(2) the powers of direction, guidance and related provisions in or under the following provisions of the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendments etc. and Transitional Provision) (EU Exit) Regulations 2018 (SI 2019/335) as applied by Regulation 15 of the Securitisation (Amendment) (EU Exit) Regulations 2019 (SI 2019/660):

(a) regulation 69 (Statement of policy);

(b) regulation 71 (Powers to issue guidance);

(c) regulation 75 (Application of Part 11 of the Act (information gathering and investigations)); and

(d) regulation 76 (Application of Part 26 of the Act (notices)).

Commencement

B. This instrument comes into force on IP completion day as defined in the European Union (Withdrawal Agreement) Act 2020.

Amendments to the Handbook