Statutory Instruments
2026 No. 1010
FINANCIAL SERVICES
The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2026
Made
9th September 2026
Laid before Parliament
14th September 2026
Coming into force
1st December 2026
The Treasury make these Regulations in exercise of the powers conferred by Articles 464A(2) and 497(3) of of the European Parliament and of the Council of 26 June 2013 Regulation (EU) 575/2013on prudential requirements for credit institutions and investment firms and amending Regulation No (EU) 648/2012(1) (the “Capital Requirements Regulation”).
The Treasury are satisfied that exceptional circumstances exist and that it is necessary and proportionate to extend the transitional provisions in Article 497(1) of the Capital Requirements Regulation in order to avoid disruption to international financial markets.
Citation, commencement and extent
1.—(1) These Regulations may be cited as the Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2026.
(2) These Regulations come into force on 1st December 2026.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
Extension of the transitional period for third-country central counterparties under Article 497 of Regulation (EU) 575/2013
2. In Article 497 (own funds requirements for exposures to CCPs) of of the European Parliament and of the Council of 26 June 2013 Regulation (EU) 575/2013on prudential requirements for credit institutions and investment firms and amending Regulation No 648/2012(2), the transitional period referred to in paragraph 1(b)(ii)(3) is extended by 12 months so that it ends seven years after the date of the submission of the application.
Consequential amendment of the Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026
3. In regulation 5 (transitional provision for CCPs treated as QCCPs where the CCPs apply for EMIR recognition on or after 1st January 2027) of the Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026(4)—
(a)in paragraph (3)(b)(ii), for “six years” substitute “seven years”;
(b)in paragraph (4)(c), for “six years” substitute “seven years”.
Christian Wakeford
Shaun Davies
Two of the Lords Commissioners of His Majesty’s Treasury
9th September 2026
EUR 2013/575, as amended by S.I. 2018/1401, 2019/1232 and 2021/1078. S.I. 2026/682 commences the revocation of Article 497 with effect from 1st January 2027, subject to transitional and saving provision.
Article 497 was amended by S.I. 2019/1232 and S.I. 2021/1078.
This transitional period was extended by S.I. 2022/1244 to end three years after the date of submission of the application, by S.I. 2023/999 to end four years after the date of submission of the application, by S.I. 2024/923 to end five years after the date of submission of the application and by S.I. 2025/1030 to end six years after the date of submission of the application.