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Regulation 9 Amendment of the SFT regulation

Original text. Later amendments are not shown.

In Article 5—

(a)

in paragraph (7)—

(i)

for “ESMA shall develop draft regulatory” substitute “the FCA may make”;

(ii)

omit from “ESMA shall submit those draft regulatory” to the end;

(b)

in paragraph (8)—

(i)

for “ESMA shall develop draft implementing” substitute “the FCA may make”;

(ii)

omit from “ESMA shall submit those draft implementing” to the end.