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Recital 21

Recital 21

(21)This Decision should enter into force as a matter of urgency in order to ensure legal certainty for clearing members and trading venues established in the Union ahead of the expiry of Implementing Decision (EU) 2020/1308. In order to avoid any disruption in the recognition of UK CCPs by the ESMA, it should apply from the day following that on which Implementing Decision (EU) 2020/1308 expires.

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