On 17 September 2025, The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2025 were made together with an explanatory memorandum.
The Regulations extend the temporary recognition regime for overseas central counterparties (CCPs) by 12 months, so that the expiry date is delayed until 31 December 2027. It also extends the transitional regime for overseas qualifying CCPs contained within the Capital Requirements Regulation for an additional 12 months. The expiry date of this transitional regime differs between individual CCPs as it is dependent on when a firm has applied for recognition in the UK. However, for a large percentage of firms within the regime, the expiry date currently falls on 31 December 2025.
The Regulations come into force on 28th November 2025.