# The Money Market Funds (Amendment) (EU Exit) Regulations 2019, Regulation 12: Credit quality of money market instruments, securitisations and ABCPs


(1) In Article 19(4)(e), for “competent authority of the manager of the MMF” substitute “FCA”.
(2) In Article 21—
(a) in paragraph 1(a), for “competent authorities” substitute “the FCA”;
(b) in paragraph 3, for the words from “competent authorities of the MMF” to the end of the paragraph, substitute “FCA”.
(3) In Article 22, for the words from “Commission” to “specifying” substitute “Treasury may by Regulations specify”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179178/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-money-market-funds-amendment-eu-exit-regulations-2019/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.