Regulation 15 Amendment of the SFT regulation

In Article 12—

(a)

in paragraph (2)—

(i)

for point (b) substitute—

“(b)
the Prudential Regulation Authority;”;

(ii)

for point (c) substitute—

“(c)
the Pensions Regulator;”;

(iii)

for point (d) substitute—

“(d)
the Bank of England;”;

(iv)

omit points (e) and (f);

(v)

in point (g), for “an implementing act” to the end substitute “the regulations pursuant to Article 19(1) have been prescribed by the Treasury”;

(vi)

for point (h) substitute—

“(e)
the Panel on Takeovers and Mergers;”;

(vii)

omit points (i) to (m);

(b)

in paragraph (3)—

(i)

in the first subparagraph—

(aa)

omit “in close cooperation with the ESCB and”;

(bb)

for “develop draft regulatory” substitute “make”;

(ii)

in the first subparagraph after point (d), omit “draft regulatory”;

(iii)

omit from “ESMA shall submit those draft regulatory technical standards” to the end.