Regulation 20 Article 20 (requirements relating to simplicity)
(1)
Article 20 is amended as follows.
(2)
In paragraph 8, in the third subparagraph for “(44) of Article 4(1) of Directive 2014/65/EU” substitute “(24) of Article 2(1) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012”f1.
(3)
In paragraph 14—
(a)
in the first subparagraph for the words from “EBA” to “draft regulatory” substitute “FCA may make”; and
(b)
omit the second and third subparagraphs.
Annotations
Footnotes
- f1
-
The definition of “transferable securities” in Regulation (EU) No 600/2014 was substituted by S.I. 2018/1403.