Regulation 34 Competent authorities and cooperationI1

United Kingdom

(1)

Omit Articles 37 (delegation of tasks between competent authorities) to 40 (competent authorities).

(2)

In Article 41—

(a)

omit paragraphs 1 to 3;

(b)

in paragraph 4, for “to a competent authority in accordance with paragraph 1” substitute “ at the request of the FCA or in response to a requirement imposed by the FCA in the exercise of its functions under Regulation (EU) 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC ”.

(3)

Omit Articles 42 (administrative sanctions and other administrative measures) to 44 (obligation to cooperate).

Annotations

Commencement

I1: Reg. 34 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)