Paragraph 188 The Credit Rating Agencies Regulations 2010I1

United Kingdom

The Credit Rating Agencies Regulations 2010^f1 are amended as follows—

(a)

in regulation 2(1) (interpretation)—

(i)

omit the definition of “the Authority”;

(ii)

after the definition of “ESMA” insert—

““the FCA” means the Financial Conduct Authority.”;

(b)

before regulation 3 (designation of competent authority), in the heading for Part 2, for “The Authority” substitute “The Financial Conduct Authority”;

(c)

in regulation 3 (designation of competent authority), for “The Authority” substitute “The FCA”;

(d)

in regulation 5 (disclosure of confidential information)—

(i)

for “Authority etc” substitute “FCA, PRA etc”,

(ii)

for “Authority” substitute “FCA”;

(e)

in regulation 6 (guidance), for “Authority” in each place it appears, substitute “FCA”;

(f)

in regulation 7 (miscellaneous)—

(i)

for “Authority” in each place it appears, substitute “FCA”;

(ii)

for “Part 1 (general) and paragraphs 13 (status) and 19 (exemption from liability in damages) of Schedule 1” substitute “Part 1 (general) and paragraphs 16 (status) and 33 (exemption from liability in damages) of Schedule 1ZA”;

(g)

in regulation 32 (records of telephone and data traffic: Article 23c(1)(e) of the EC Regulation)—

(i)

in paragraph (2) for “Authority” substitute “FCA”;

(ii)

in paragraph (3) for “Authority” substitute “FCA”;

(h)

in regulation 33 (inspections: Article 23d of the EC Regulation), in each place it appears, for “Authority” substitute “FCA”.

Paragraph 188 The Credit Rating Agencies Regulations 2010I1

Annotations

Commencement

Footnotes