# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 11: Transparency of methodology

Extent: E+W+S+N.I.

(1) Article 13 (transparency of methodology) is amended as follows.
(1A) In paragraph 2a, for “The Commission is empowered to adopt delegated acts in accordance with Article 49” substitute “ The Treasury may make regulations ”.
(2) In paragraph 3—
(a) in the first subparagraph—
(i) in the first sentence, for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;
(ii) in the second sentence, for “ESMA” substitute “ The FCA ”;
(iii) in the third sentence, omit “ESMA draft regulatory”;
(b) omit the second and third subparagraphs.
(3) Omit paragraph 4.

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Source: https://www.legislation.gov.uk/uksi/2019/657/regulation/11 (the official version)
Page: https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.