Regulation 3 Amendment of Commission Implementing Regulation (EU) 2019/661

(1)

Commission Implementing Regulation (EU) 2019/661 ensuring the smooth functioning of the electronic registry for quotas for placing hydrofluorocarbons on the market^f1 is amended as follows.

(2)

For Article 2, substitute—

“‘Beneficial owner’ means a beneficial owner as defined in regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017^f2, as read with regulations 5 and 6 of those Regulations.”

(3)

In Article 3—

(a)

in paragraph 1—

(i)

in the introduction, for “Union” substitute “United Kingdom” and for “Commission” substitute “appropriate regulator”;

(ii)

in subparagraph (a), for “national” substitute “United Kingdom”;

(iii)

in subparagraph (i), for “Union” substitute “United Kingdom”;

(b)

in paragraph 2, in the introduction, for “Union” substitute “United Kingdom” and for “Commission” substitute “appropriate regulator”;

(c)

in paragraph 3, for “Commission” substitute “appropriate regulator”;

(d)

in paragraph 4—

(i)

for “before the entering into force of this Regulation” substitute “before the 25th May 2021”;

(ii)

for “from entering into force of this Regulation” substitute “beginning on that date”.

(4)

In Article 4, for “Commission”, in each place it occurs, substitute “appropriate regulator”.

(5)

In Article 5, for “Commission” substitute “appropriate regulator”.

(6)

In Article 6—

(a)

in paragraph 1—

(i)

in the first sentence, for “Commission” substitute “appropriate regulator”;

(ii)

in the second sentence—

(aa)

omit “and the competent authority of the relevant Member State”;

(bb)

for “via the registry” substitute “by the appropriate regulator”;

(b)

in paragraph 2, for “Commission” substitute “appropriate regulator”;

(c)

in paragraph 3—

(i)

in the first sentence, for “Commission” substitute “appropriate regulator”;

(ii)

in the second sentence—

(aa)

omit “and the competent authority of the relevant Member State”;

(bb)

for “via the registry” substitute “by the appropriate regulator”.

(7)

In Article 7(2), for “Commission” substitute “appropriate regulator”.

(8)

Omit Article 8.

(9)

In Article 9(2), for “Commission” substitute “appropriate regulator”.

(10)

After Article 10 omit the words “This Regulation shall be binding in its entirety and directly applicable in all Member States.”

Annotations

Footnotes

f1: EUR 2019/661.
f2: S.I. 2017/692, to which there are amendments not relevant to these Regulations.