
1 

(1) These Regulations may be cited as the Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2023.
(2) These Regulations come into force on 1stNovember 2023.
(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 four 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 “four years” substitute “five years”.
Scott Mann
Stuart Anderson
Two Lords Commissioners of His Majesty’s Treasury
13th September 2023