{
  "url": "https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-29",
  "json_url": "https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-29.json",
  "legislation": "uksi/2019/657",
  "legislation_title": "The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019",
  "path": "regulation/29",
  "kind": "regulation",
  "number": "29",
  "heading": "Recognition of an administrator located in a third country",
  "text": "(1) Article 32 (recognition of an administrator located in a third country) is amended as follows.\n(2) In paragraph 1—\n(a) for the words from “an equivalence” to “adopted” substitute “ regulations are made in accordance with Article 30(2) or (3) ”;\n(b) for “Union” substitute “ United Kingdom ”;\n(c) for “competent authority of its Member State of reference” substitute “ FCA ”.\n(3) In paragraph 2, in the second subparagraph, for “competent authority of the Member State of reference” substitute “ FCA ”.\n(4) In paragraph 3—\n(a) for “its Member State of reference” substitute “ the United Kingdom ”;\n(b) for “Union”, both times it occurs, substitute “ United Kingdom ”;\n(c) for “competent authority of the Member State of reference” substitute “ FCA ”.\n(5) Omit paragraph 4.\n(6) In paragraph 5—\n(a) in the first subparagraph—\n(i) for “competent authority of its Member State of reference” substitute “ FCA ”;\n(ii) for “satisfy the competent authority” substitute “ satisfy the FCA ”;\n(iii) for “Union” substitute “ United Kingdom ”;\n(b) in the second subparagraph—\n(i) for “competent authority” substitute “ FCA ”;\n(ii) for “2, 3 and 4” substitute “ 2 and 3 ”;\n(c) in the third subparagraph—\n(i) in the first sentence—\n(aa) for “competent authority” substitute “ FCA ”;\n(bb) for “2, 3 and 4” substitute “ 2 and 3 ”;\n(ii) in point (a)—\n(aa) for “competent authority of the Member State of reference” substitute “ FCA ”;\n(bb) for “regulatory technical standards adopted” substitute “ technical standards made ”;\n(cc) for “allows the competent authority” substitute “ allows the FCA ”;\n(iii) in point (b), for “competent authority” substitute “ FCA ”.\n(7) Omit paragraphs 6 and 7.\n(8) In paragraph 8, for “competent authority of the Member State of reference” substitute “ FCA ”.\n(9) In paragraph 9—\n(a) in the first subparagraph—\n(i) for “ESMA may develop draft regulatory” substitute “ The FCA may make ”;\n(ii) omit the words from “and, in particular,” to the end;\n(b) omit the second and third subparagraphs.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 29 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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/657/regulation/29",
    "retrieved_at": "2026-10-28T22:43:31.658757+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}