The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (Version in vigour from 2020-12-31 to )
Currency | No known outstanding effects |
Coming into Force | 31 December 2020 |
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(a) an investment firm within the meaning given in Article 2(1A) of MIFIR which:
(i) has its registered office or head office in the United Kingdom; (ii) has permission under Part 4A of the FSMA to carry on regulated activities relating to investment services and activities (as defined in Article 2(1) (2) of the MIFIR) in the United Kingdom; (iii) would require authorisation under Directive 2014/65/EU (as it had effect immediately before F19IP completion day) if it had its registered office (or if it does not have a registered office, its head offices) in an EEA state; and (iv) is not a firm which has permission under Part 4A of the FSMA to carry on regulated activities as an exempt investment firm, within the meaning of regulation 8 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 ;
- (19) “AIF” has the meaning given in the definition in regulation 3 of the Alternative Investment Fund Managers Regulations 2013;
- (20) “Capital Requirements Regulation” means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) 648/2012;
- (21) “CCP” has the meaning given in Article 2(1) of 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;
- (22) “CRR firm” has the meaning given in Article 4.1(2A) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;
- (23) “FCA” means the Financial Conduct Authority;
- (24) “the FSMA” means the Financial Services and Markets Act 2000;
- (25) “insurance undertaking” and “reinsurance undertaking” have the meanings given in section 417(1) of the FSMA;
- (5) Where a trade repository is not available to record the details of SFTs:
- (a) except where the FCA has suspended the reporting obligation under point (b) , counterparties shall ensure that such details are reported to the FCA. In this case the FCA shall...
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