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Recital 17

Recital 17

(17)In view of giving Union clearing members the time to reduce their exposure to United Kingdom market infrastructures and Union CCPs the time to develop further their capacity to clear relevant trades and in view of the possible impact of regulatory, supervisory or market developments on the financial stability of the Union and its Member States and on the conduct and transmission of the Union’s monetary policy, this Decision should have a limited duration.

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