The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013

[^key-bc9dfb65ea7f6ab4a1278b3ae4ce6913]: Reg. 6(8)(b)(i) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 4(f) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-4ae2362292cd1630407a5435c8199b9c]: Reg. 6(8)(b)(ii) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 4(f) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-4c992700a060b349c944ff4f59564267]: Reg. 6(3)(e)-(g) omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 4(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-5d2c7208eeacfcfbf45fed827d440da5]: Words in reg. 2(1) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 3 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-da72a12b9c6f79fb9019145247a697af]: Pt. 7 omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 7 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-c3603d1ee33d98ffafc7ab782c9ca776]: Reg. 55B inserted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 8 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-8032eb827d7e265f21d3d6f897a8ddfb]: Reg. 55A omitted (31.12.2020) by virtue of The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 8 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-d939d7fbc7d13c98b77e8f8b45a4ff99]: Words in reg. 8(3) substituted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 5 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

[^key-12579835b08e8187bcfd89818b9c0989]: Words in reg. 9(10)(a) inserted (31.12.2020) by The Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/335), regs. 1(1), 6 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

Applications, notifications and reports to FCA

Penalties and statements

PART6A — Removal of directors of recognised central counterparties

Removal of directors of recognised central counterparties

15A

• (1) If the Bank proposes to remove a member of the board of directors of a recognised central counterparty (“M”) under the second sub-paragraph of Article 31(1) of the EMIR regulation, it must give M and the recognised central counterparty concerned a notice.

• (2) A notice under paragraph (1) must inform the recipients that they may make representations to the Bank within such period as may be specified in the notice.

• (3) The Bank may extend the period allowed under a notice under paragraph (1) for making representations.

• (4) If, having considered any representations made in response to the notice under paragraph (1), the Bank decides to remove M from the board, it must without delay give M and the recognised central counterparty concerned a further notice.

• (5) If the Bank decides to remove M from the board, M or the recognised central counterparty concerned may refer the matter to the Tribunal.

• (6) A notice under paragraph (4) must inform the recipient of their right to refer the matter to the Tribunal, and give an indication of the procedure on such a reference.

• (7) In this regulation, “board of directors” includes, if there is no such board, the equivalent management body.

Amendments to the Uncertificated Securities Regulations 2001

Interpretation

15B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Records of telephone and data traffic: Article 62(1)(e) of the EMIR regulation

Inspections: Article 63 of the EMIR regulation

Retention of documents taken under regulation 17

Offences: Article 63 inspections

Transitional provisions: markets in financial instruments provisions

55A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional provision: EMIR regulation

55B

The FCA may grant an exemption in accordance with Article 89a of the EMIR regulation.