# The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019, Regulation 20: Amendment of the SFT regulation


In Article 18—
(a) in paragraph (2)—
(i) omit “and the competent authorities referred to in Article 16, for ESMA, EBA and EIOPA”;
(ii) for “competent authorities or ESMA, EBA and EIOPA” substitute “FCA”;
(iii) for “those persons receive in the course of their duties” substitute “the FCA receives in the course of its duties”;
(b) in paragraph (3)—
(i) for “national criminal or tax law, the competent authorities, ESMA, EBA, EIOPA, bodies or natural or legal persons other than competent authorities, which receive,” substitute “the law applying in any part of the United Kingdom, the FCA, when it receives”;
(ii) for “their duties and for the exercise of their functions, in the case of the competent authorities” substitute “its duties and for the exercise of its functions”;
(iii) for “ESMA, EBA, EIOPA, the competent authority” substitute “the FCA”;
(c) omit paragraph (4);
(d) for paragraph (5) substitute—
“(5) Paragraphs 2 and 3 shall not prevent the FCA from exchanging or transmitting confidential information, in accordance with the law applying in any part of the United Kingdom, that has been received from a third country regulatory authority.”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179376/regulation/20 (the official version)
Page: https://openlegislation.uk/draft-transparency-of-securities-financing-transactions-and-of-reuse-amendment-eu-exit-regulations-2019/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.