Regulation 13 Code of conductI1

United Kingdom

(1)

Article 15 (code of conduct) is amended as follows.

(2)

In paragraph 4, for “a relevant competent authority” substitute “ the FCA ”.

F1(3)

In paragraph 5—

(a)

for “relevant competent authority”, each time it occurs, substitute “FCA”;

(b)

for “application of the decision to include a critical benchmark in the list referred to in Article 20(1)” substitute “the Treasury making regulations under Articles A20(5) or (6), or 20(5) specifying a benchmark as critical”.

(4)

In paragraph 6—

(a)

in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;

(b)

in the second subparagraph, for “ESMA” substitute “ The FCA ”;

(c)

omit the third and fourth subparagraphs.

Annotations

Textual amendments

F1: Reg. 13(3) substituted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 58(5)

Commencement

I1: Reg. 13 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)