On 19 December 2018, the European Commission adopted a Delegated Regulation determining for a limited period of time (12 months) that the regulatory framework applicable to central counterparties (CCPs) in the UK is equivalent in accordance with EMIR. The Delegated Regulation is part of the Commission’s no deal contingency planning. The Delegated Regulation does not come into effect if the draft Withdrawal Agreement is ratified. On 20 December 2018, the Delegated Regulation was published in the Official Journal of the EU.