These Regulations are made in exercise of the powers conferred by regulation 14(1) of the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018 (SI 2018/1184) (‘the 2018 Regulations’). They specify that the regulatory framework for central counterparties in each EEA state meets the relevant criteria in regulation 14(1) of the 2018 Regulations.