Recital 2

(2)On 29 October 2019, in agreement with the United Kingdom, the European Council adopted Decision (EU) 2019/1810 ³ extending the period provided for in Article 50(3) of the Treaty on European Union until 31 January 2020. Due to that further extension, the period of application of Implementing Decision (EU) 2018/2031 would not be sufficiently long to provide clearing members and clients established in the Union with the necessary legal certainty and predictability in the case that the United Kingdom withdraws from the Union without an agreement.