{
  "url": "https://openlegislation.uk/draft-benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-27",
  "json_url": "https://openlegislation.uk/draft-benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-27.json",
  "legislation": "ukdsi/2019/9780111179208",
  "legislation_title": "The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019",
  "path": "regulation/27",
  "kind": "regulation",
  "number": "27",
  "heading": "Equivalence",
  "text": "(1) Article 30 (equivalence) is amended as follows.\n(2) In paragraph 1—\n(a) in the opening words—\n(i) for “Union” substitute “United Kingdom”;\n(ii) for “register referred to in Article 36” substitute “FCA register”;\n(b) for point (a) substitute—\n“(a) either:\n(i) the Treasury have made regulations in accordance with paragraph 2 or 3 of this Article; or\n(ii) the European Commission has adopted a decision before exit day in accordance with paragraph 2 or 3 of Article 30 of the EU Benchmarks Regulation;”;\n(c) in point (c)—\n(i) for “ESMA” substitute “the FCA”;\n(ii) for “Union”, both times it occurs, substitute “United Kingdom”.\n(3) In paragraphs 2 and 3—\n(a) in the opening words, for “Commission may adopt an implementing decision stating” substitute “Treasury may by regulations specify”;\n(b) omit the second subparagraph.\n(4) In paragraph 4—\n(a) in the opening words—\n(i) for “ESMA” substitute “The FCA”;\n(ii) after “2 or 3” insert “of this Article (on or after exit day) or paragraph 2 or 3 of Article 30 of the EU Benchmarks Regulation (before exit day)”;\n(b) in point (a), for “ESMA”, both times it occurs, substitute “the FCA”;\n(c) in point (b), for “ESMA” substitute “the FCA”.\n(5) For paragraph 5 substitute—\n“5. The FCA may make technical standards to determine the minimum content of the cooperation arrangements referred to in paragraph 4 so as to ensure that the FCA is able to exercise all its supervisory powers under this Regulation.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111179208/regulation/27",
    "retrieved_at": "2026-10-30T15:01:29.992538+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."
}