Extending two transitional regimes for overseas central counterparties
Extending the Temporary Recognition Regime (TRR) for overseas central counterparties (CCPs) and the transitional regime for Qualifying central counterparties (QCCPs) by 12 months.
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HM Treasury intends to lay a statutory instrument extending the TRR for overseas CCPs and the transitional regime for QCCPs by a period of 12 months. This will come into force before the end of 2022.