Regulation 56 Adaptations to minimum information given in prospectuses and base prospectuses

(1)

Article 23 (adaptations to minimum information given in prospectuses and base prospectuses) is amended as follows.

(2)

In paragraph 1—

(a)

in the first subparagraph—

(i)

for “competent authority of the home Member State” substitute “FCA”;

(ii)

for “Article 5(1) of Directive 2003/71/EC” substitute “section 87A(1)(b) of FSMA 2000”;

(iii)

omit the second sentence;

(b)

omit the second subparagraph.

(3)

In paragraph 3—

(a)

in the first subparagraph, for “competent authority of the home Member State” substitute “FCA”;

(b)

in the second subparagraph—

(i)

for “competent authority”, in the first place where it occurs, substitute “FCA”;

(ii)

for “Article 5(1) of Directive 2003/71/EC” substitute “section 87A(1)(b) of FSMA 2000”;

(iii)

omit the second sentence.