New regulatory powers Financial Market Infrastructure: general rules and requirements Regulation of FMI by the Bank of England Current regulation of CCPs and CSDs
The key regulatory requirements for CCPs in the UK are currently contained in the following instruments:
Titles III and IV 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 ("EMIR"), which forms part of retained EU law and therefore continues to apply in the United Kingdom as amended by regulations made under the European Union (Withdrawal) Act 2018;
Part 18 of and Schedule 17A to FSMA 2000;
secondary legislation made in order to implement EMIR and under Part 18 of FSMA 2000;
technical standards made under EMIR.
	The key regulatory requirements for CSDs in the UK are currently contained in the following instruments:
Titles III and IV of Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 in improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (the "CSDR"), which forms part of retained EU law and therefore continues to apply in the United Kingdom as amended by regulations made under the European Union (Withdrawal) Act 2018;
Part 18 of and Schedule 17A to FSMA 2000;
secondary legislation implementing the CSDR;
technical standards made under the CSDR.