
2022 No. 1223
Financial Services
The Financial Services (Miscellaneous Amendments) Regulations 2022
Made 21st November 2022
Coming into force at 11.00 p.m. on 31st December 2022

The Treasury make the following Regulations in exercise of the powers conferred by section 8(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018.

A draft of these Regulations has been approved by a resolution of each House of Parliament in accordance with paragraph 1(1) of Schedule 7 to that Act.
Citation, commencement and extent
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(1) These Regulations may be cited as the Financial Services (Miscellaneous Amendments) Regulations 2022.
(2) These Regulations come into force at 11.00 p.m. on 31st December 2022.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
Amendment of the Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019
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Regulation 11(5) (saving for certain financial services legislation relating to Gibraltar) of the Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 is amended as follows—
(a) in sub-paragraph (d), at the end insert “(except for regulation 8(1))”;
(b) in sub-paragraph (f), for “28(10)” substitute “28(7), (8)(a) and (c), and (10),”;
(c) in sub-paragraph (w), at the end insert “(except for regulations 7(2) and (3), and 8)”.
Amendment of Regulation (EU) No 648/2012
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(1) Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories is amended as follows.
(2) In Article 4(5A)(a) (clearing obligation), for “two years” substitute “four years”.
Amendment of Regulation (EU) 2017/2402
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Nigel Huddleston
Amanda Solloway
Two of the Lords Commissioners of His Majesty’s Treasury
21st November 2022