> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica.wtf/mifir/title-x-final-provisions-art.-52-55/54.md). # Art. 54 — Transitional provisions 1. Third‐country firms may continue to provide services and activities in Member States, in accordance with national regimes, until three years after the adoption by the Commission of a decision in relation to the relevant third country in accordance with [Article 47](/mica.wtf/mifir/title-viii-provision-of-services-and-performance-of-activities-by-third-country-firms-following-an-e/47.md). Services and activities not covered by such a decision may continue to be provided in accordance with national regime. 2. If the Commission concludes that there is no need to exclude exchange-traded derivatives from the scope of [Articles 35](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/35.md) and [36](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/36.md) in accordance with [Article 52(12)](/mica.wtf/mifir/title-x-final-provisions-art.-52-55/52.md), a CCP or a trading venue may, before 22 June 2022, apply to its competent authority for permission to avail itself of transitional arrangements. The competent authority, taking into account the risks to the orderly functioning of the relevant CCP or trading venue resulting from the application of the access rights under [Article 35](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/35.md) or [36](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/36.md) as regards exchange-traded derivatives, may decide that [Article 35](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/35.md) or [36](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/36.md) does not apply to the relevant CCP or trading venue, respectively, in respect of exchange-traded derivatives, for a transitional period until 3 July 2023. Where the competent authority decides to approve such a transitional period, the CCP or trading venue shall not benefit from the access rights under [Article 35](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/35.md) or [36](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/36.md) as regards exchange-traded derivatives for the duration of the transitional period. The competent authority shall notify ESMA and, in the case of a CCP, the college of competent authorities for that CCP, whenever it approves a transitional period. Where a CCP which has been approved for the transitional arrangements, is connected by close links to one or more trading venues, those trading venues shall not benefit from access rights under [Article 35](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/35.md) or [36](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/36.md) for exchange-traded derivatives for the duration of that transitional period. Where a trading venue, which has been approved for the transitional arrangements, is connected by close links to one or more CCPs, those CCPs shall not benefit from access rights under [Article 35](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/35.md) or [36](/mica.wtf/mifir/title-vi-non-discriminatory-clearing-access-for-financial-instruments-art.-35-38/36.md) for exchange-traded derivatives for the duration of that transitional period. 3. The provisions of the delegated acts adopted pursuant to Regulation (EU) No 600/2014 as applicable before 28 March 2024 shall continue to apply until the date of application of the delegated acts adopted pursuant to Regulation (EU) No 600/2014 as applicable from that date. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://www.mica.wtf/mica.wtf/mifir/title-x-final-provisions-art.-52-55/54.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.