
Article 1 
For the purposes of Article 25 of Regulation (EU) No 909/2014, the legal and supervisory arrangements of the United Kingdom of Great Britain and Northern Ireland consisting of the Financial Services and Markets Act 2000 and the European Union (Withdrawal) Act 2018 applicable to central securities depositories already established and authorised in the United Kingdom of Great Britain and Northern Ireland shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 909/2014.
Article 2 
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply from the date following that on which the Treaties cease to apply to and in the United Kingdom pursuant to Article 50(3) of the Treaty on European Union.
However, this Decision shall not apply in any of the following cases:

((a)) a withdrawal agreement concluded with the United Kingdom of Great Britain and Northern Ireland in accordance with Article 50(2) of the Treaty on European Union has entered into force by that date;
((b)) a decision has been taken to extend the two year period referred to in Article 50(3) of the Treaty on European Union.
It shall expire on 30 March 2021.
Done at Brussels, 19 December 2018.
For the Commission
The President
Jean-Claude JUNCKER