keep The Collective Investment Schemes (Temporary Recognition) and Central Counterparties (Transitional Provision) (Amendment) Regulations 2024
Amendment regulations to the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 and Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018. Adds a definition of 'MMF' (Money Market Fund) for EEA UCITS sub-funds, corrects regulatory references in temporary recognition provisions, and modifies timing thresholds for CCP transitional regime (second→first, third→second, fourth→third). These are technical corrections to post-Brexit transition arrangements for financial services.
These are technical amendments correcting errors and extending transitional arrangements for EEA UCITS funds and Central Counterparties. While the underlying retained EU regime should eventually be replaced with British-specific rules, sudden deletion would cause legal uncertainty, market disruption, and harm to UK investors holding affected funds. The amendments themselves impose no new regulatory burden—they merely fix drafting errors and extend a working transition mechanism. Deletion would be worse for Britons than keeping these technical corrections.