
1 

(1) These Regulations may be cited as the Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2022.
(2) These Regulations come into force on 22nd December 2022.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
2 
In Article 497 (own funds requirements for exposures to CCPs) of Regulation (EU) 575/2013, the transitional period referred to in paragraph 1(b)(ii) is extended by 12 months so that it ends three years after the date of the submission of the application.
3 
In regulation 18(1) (temporary deemed recognition period) of the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018, for “three years” substitute “four years”.
Nigel Huddleston
Amanda Solloway
Two Lords Commissioners of His Majesty’s Treasury
28th November 2022