# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 31: Authorisation and registration of an administrator

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

(1) Article 34 (authorisation and registration of an administrator) is amended as follows.
(2) In paragraph 1, in the opening words—
(a) for “Union” substitute “ United Kingdom ”;
(b) for the words from “competent” to “located” substitute “ FCA ”.
(3) In paragraphs 2 and 4, for “competent authority” substitute “ FCA ”.
(4) In paragraph 5, for “relevant competent authority”, both times it occurs, substitute “ FCA ”.
(5) In paragraph 6—
(a) in the opening words, for “relevant competent authority” substitute “ FCA ”;
(b) in the second subparagraph, for “competent authority”, both times it occurs, substitute “ FCA ”.
(6) Omit paragraph 7.
(7) In paragraph 8—
(a) in the first subparagraph--
(i) for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;
(ii) for “competent authorities” substitute “ the FCA ”;
(b) omit the second and third subparagraphs.

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Source: https://www.legislation.gov.uk/uksi/2019/657/regulation/31 (the official version)
Page: https://openlegislation.uk/benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.