Regulation 14 Governance and control requirements for supervised contributorsI1

United Kingdom

(1)

Article 16 (governance and control requirements for supervised contributors) is amended as follows.

(2)

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

(3)

In paragraph 5—

(a)

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

(b)

in the second subparagraph—

(i)

in the first sentence, for “ESMA” substitute “ The FCA ”;

(ii)

in the second sentence, omit “ESMA draft regulatory”;

(c)

omit the third and fourth subparagraphs.

(4)

Omit paragraph 6.

Annotations

I1: Reg. 14 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)