# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 34: Competent authorities and cooperation


(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).

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179208/regulation/34 (the official version)
Page: https://openlegislation.uk/draft-benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.