# The Securitisation (Amendment) (EU Exit) Regulations 2019, Regulation 25: Article 28 (third party verifying STS compliance)


In Article 28—
(a) in paragraph (1)—
(i) for “competent authority”, wherever it appears, substitute “FCA”;
(ii) in point (b) omit “point (b) of”;
(b) in paragraph (2) for “its competent authority”, in both places where it appears, substitute “the FCA”;
(c) in paragraph (3) for “The competent authority” substitute “The FCA”; and
(d) in paragraph 4—
(i) in the first subparagraph for “ESMA shall develop draft regulatory” substitute “The FCA may make”, and for “the competent authorities” substitute “it”;
(ii) omit the second and third subparagraphs.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179024/regulation/25 (the official version)
Page: https://openlegislation.uk/draft-securitisation-amendment-eu-exit-regulations-2019/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.