Regulation 17 Mandatory administration of a critical benchmarkI1

United Kingdom

(1)

Article 21 (mandatory administration of a critical benchmark) is amended as follows.

(2)

In paragraph 1, in point (a), for “its competent authority” substitute “ the FCA ”.

(3)

In paragraph 2—

(a)

in the first subparagraph--

(i)

in the opening words, for “the competent authority” substitute “ the FCA ”;

(ii)

omit point (a);

(b)

in the second subparagraph, for “the competent authority” substitute “ the FCA ”.

(4)

In paragraphs 3 and 4, for “the competent authority”, each time it occurs, substitute “ the FCA ”.

Annotations

I1: Reg. 17 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)