Regulation 11 Administrative penalties and other measures

(1)

Omit Articles 22 to 28.

(2)

Article 29 is amended as follows—

(a)

in paragraph 1—

(i)

for “referred to in Article 24(1)” substitute “of Articles 5(1), 6, 7, 8(1), (2) or (3), 9, 10(1), 13(1), (3) or (4), 14 or 19”;

(ii)

for “competent authorities on their” substitute “the FCA on its”;

(iii)

for “competent authority” substitute “FCA”;

(iv)

for “competent authorities shall” substitute “FCA must”;

(v)

for “national law” substitute “the law of the United Kingdom or any part of the United Kingdom”;

(b)

in paragraph 2, omit the first subparagraph;

(c)

in paragraph 3—

(i)

for “national law” substitute “the law of the United Kingdom or any part of the United Kingdom”;

(ii)

for “competent authorities” substitute “FCA”;

(iii)

for “their official” substitute “the FCA’s official”;

(d)

in paragraph 4—

(i)

for “Competent authorities” substitute “The FCA”;

(ii)

for “their official” substitute “the FCA’s official”;

(iii)

for “official website of the competent authority” substitute “FCA’s official website”.