Regulation 79 Amendment of Regulation (EC) No 1060/2009

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.