Regulation 16 Transparency requirements

In Article 37—

(a)

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

(b)

in paragraph 1—

(i)

for “competent authority of the MMF” each time it occurs, substitute “FCA”; and

(ii)

omit the third subparagraph;

(c)

in paragraph 2, in the second subparagraph, for “competent authorities” substitute “the FCA”;

(d)

in paragraph 4—

(i)

in the first subparagraph, for “ESMA shall develop draft implementing” substitute “The FCA may make”; and

(ii)

omit the second and third subparagraphs; and

(e)

omit paragraph 5.