# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 14: Governance and control requirements for supervised contributors


(1) Article 16 (governance and control requirements for supervised contributors) is amended as follows.
(2) In paragraph 4, for “relevant competent authority” substitute “FCA”.
(3) In paragraph 5—
(a) in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “The FCA may make”;
(b) in the second subparagraph—
(i) in the first sentence, for “ESMA” substitute “The FCA”;
(ii) in the second sentence, omit “ESMA draft regulatory”;
(c) omit the third and fourth subparagraphs.
(4) Omit paragraph 6.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179208/regulation/14 (the official version)
Page: https://openlegislation.uk/draft-benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.