# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 21: Exemptions from specific requirements for significant benchmarks

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

(1) Article 25 (exemptions from specific requirements for significant benchmarks) is amended as follows.
(2) In paragraph 2, for “the competent authority” substitute “ the FCA ”.
(3) In paragraph 3—
(a) for “A competent authority” substitute “ The FCA ”;
(b) for “the competent authority” substitute “ the FCA ”.
(4) In paragraph 4, for “the competent authority”, both times if occurs, substitute “ the FCA ”.
(5) In paragraphs 5 and 6, for “a competent authority” substitute “ the FCA ”.
(6) In paragraph 8—
(a) in the first subparagraph, for “ESMA shall develop draft implementing” substitute “ The FCA may make ”;
(b) omit the second and third subparagraphs.
(7) In paragraph 9—
(a) in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;
(b) omit the second and third subparagraphs.

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Source: https://www.legislation.gov.uk/uksi/2019/657/regulation/21 (the official version)
Page: https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.