The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026
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Change 1
4 Saving provision for CCPs treated as QCCPs before 1stJanuary 2027under Article 497 of the Capital Requirements Regulation
(1) This regulation applies to a CCP which, immediately before 1st January 2027, is treated as a QCCP by virtue of Article 497 of the Capital Requirements Regulation (own funds requirements for exposures to CCPs). (2) A CCP to which this regulation applies continues, on and after 1st January 2027, to be treated as a QCCP during the period applicable under Article 497 as that Article had effect immediately before 1st January 2027. (3) In paragraph (2), the reference to the period applicable under Article 497 includes a reference to that period as extended by regulations made by the Treasury under paragraph (3) of Article 497.
4 Saving provision for CCPs treated as QCCPs before 1stJanuary 2027under Article 497 of the Capital Requirements Regulation
(1) This regulation applies to a CCP which, immediately before 1st January 2027, is treated as a QCCP by virtue of Article 497 of the Capital Requirements Regulation (own funds requirements for exposures to CCPs). (2) A CCP to which this regulation applies continues, on and after 1st January 2027, to be treated as a QCCP during the period applicable under Article 497 as that Article had effect immediately before 1st January 2027. (3) In paragraph (2), the reference to the period applicable under Article 497 includes a reference to that period as extended by regulations made by the Treasury under paragraph (3) of Article 497.
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