Regulation 61 Supervisory measures on product intervention and position management

(1)

Omit Articles 19 and 20.

(2)

In Article 21—

(a)

in the heading, for “competent authorities” substitute “the FCA”;

(b)

in paragraph 1—

(i)

for “competent authorities”, both times it occurs, substitute “the FCA”;

(ii)

for “at least one Member State”, both times it occurs, substitute “the United Kingdom”;

(c)

in paragraph 2—

(i)

in the opening words—

(aa)

for “competent authorities” substitute “the FCA”;

(bb)

for “at least one Member State”, substitute “the United Kingdom”;

(ii)

in point (b), for “Directive 2014/49/EU” substitute “Chapter 4 of the Depositor Protection Part of the PRA Rulebook.”;

(iii)

In point (s), for “the Member State of the relevant competent authority” substitute “the United Kingdom”.

(3)

Omit Article 22.

(4)

After Article 24, omit the words “This Regulation shall be binding in its entirety and directly applicable in all Member States”.