# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 19: Mandatory contribution to a critical benchmark

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

(1) Article 23 (mandatory contribution to a critical benchmark) is amended as follows.
(2) In paragraph 2, for “their competent authority” substitute “ the FCA ”.
(3) In paragraph 3—
(a) in the first sentence, for “its competent authority” substitute “ the FCA ”;
(b) omit the second sentence;
(c) in the third sentence, for “its competent authority” substitute “ the FCA ”.
(4) In paragraph 4, for the words from “competent authority” to “Article 46, and” substitute “ FCA must ”.
(5) In paragraph 5, for “competent authority of the administrator” substitute “ FCA ”.
(6) In paragraph 6, for “competent authority” substitute “ FCA ”.
(7) In paragraph 7, for the words from “competent authority” to “entities,” substitute “ FCA ”.
(8) Omit paragraph 8.
(9) In paragraph 9—
(a) in the opening words, for “competent authority of the administrator” substitute “ FCA ”;
(b) in point (a), for “competent authority”, both times it occurs, substitute “ FCA ”.
(10) In paragraph 10, for “competent authority” substitute “ FCA ”.
(11) In paragraph 11, for “relevant competent authority” substitute “ FCA ”.
(12) In paragraph 12, for “its Member State” substitute “ the United Kingdom ”.

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Source: https://www.legislation.gov.uk/uksi/2019/657/regulation/19 (the official version)
Page: https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.