[170A [Third] country central counterparties]
Companies Act 1989 (1989 c 40) | Legislation

[170A  [Third] country central counterparties]

[(1)     In this section and section 170B—

(a)     “assets” has the meaning given by Article 39(10) of the EMIR Level 1 Regulation;

(b)     . . .

(c)     . . .

(d)     “overseas competent authority” means a competent authority responsible for the authorisation or supervision of clearing houses or central counterparties in a country or territory other than the United Kingdom;

(e)     “relevant provisions” means any provisions of the default rules of [a] third country central counterparty which—

(i)     provide for the transfer of the positions or assets of a defaulting clearing member;

(ii)     are not necessary for the purposes of complying with the minimum requirements of Articles 48(5) and (6) of the EMIR Level 1 Regulation; and

(iii)     may be relevant to a question falling to be determined in accordance with the

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