# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 23: Benchmark statement

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

(1) Article 27 (benchmark statement) is amended as follows.
(2) In paragraph 1—
(a) for “register referred to in Article 36” substitute “ FCA register ”;
(b) for “Union”, both times it occurs, substitute “ United Kingdom ”.
(2A) In paragraph 2a, in the second subparagraph—
(a) for “EU Climate Transition Benchmark or UK Paris-aligned Benchmark” substitute “ UK Climate Transition Benchmark or UK Paris-aligned Benchmark ”;
(b) for “EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks” substitute “ UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks ”;
(c) omit the words “in accordance with” to the end.
(2B) In paragraph 2b, for “The Commission is empowered to adopt delegated acts in accordance with Article 49” substitute “ The Treasury may make regulations ”.
(3) In paragraph 3—
(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.

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Source: https://www.legislation.gov.uk/uksi/2019/657/regulation/23 (the official version)
Page: https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.