Regulation 19 Notices

Part 26 of the Act (notices) applies in respect of the giving of notices under—

as it applies in respect of the giving of notices under the Act, subject as follows.

Section 388 (decision notices)^f1 applies as if, after subsection (2), there were inserted—

“(2A)

In subsection (2), reference to action under a Part of this Act includes a reference to action under—

(a)

a Part of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019, and

(b)

a Title of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies.”

Section 391 (publication)^f2 applies as if, in subsection (1ZB), after paragraph (m) there were inserted—

“(n)

regulation 11 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”

Section 392 (application of sections 393 and 394) applies as if, after paragraph (b) there were inserted—

“(c)

a warning notice given in accordance with regulation 11 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019;

(d)

a decision notice given in accordance with regulation 12 of those Regulations.”

Section 395 of the Act (the FCA’s and PRA’s procedures)^f3 applies as if, after subsection (13), there were inserted—

“(14)

“Supervisory notice” also means a notification given in accordance with—

(a)

Article 18.2 of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, following a decision made under Article 16, 17, 20 or 24 of that Regulation;

(b)

Article 18.10 of that Regulation.”