Regulation 79 I1

United Kingdom

In Article 21—

(a)

for the heading substitute “ The FCA ”;

(b)

in paragraph 1, for “ESMA”, substitute “ the FCA ”;

(c)

omit paragraph 2;

(d)

omit paragraph 3;

(e)

in paragraph 4—

(i)

for “ESMA shall develop draft regulatory” substitute “ The FCA may adopt ”;

(ii)

in point (e), for “ESMA” substitute “ the FCA ”;

(iii)

omit the second and third paragraphs;

(f)

in paragraph 4a—

(i)

for “ESMA shall develop draft regulatory”, substitute “ The FCA may adopt ”;

(ii)

in point (a) and (b), for “ESMA” substitute “ the FCA ”;

(iii)

omit the second subparagraph and third subparagraph;

(g)

omit paragraph 4b;

(h)

in paragraph 5, for “ESMA”, substitute “ The FCA ”;

(i)

in paragraph 6—

(i)

for “ESMA”, where first occurring, substitute “ The FCA ”;

(ii)

for “ESMA”, where next occurring, substitute “ the FCA ”;

(iii)

for “the European Parliament, the Council and the Commission”, substitute “ the Treasury. ”;

(j)

omit paragraph 7.

Annotations

I1: Reg. 79 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

F1: Regulations revoked (1.1.2024 for the revocation of reg. 3(3)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 5(c)(iii)