49. In Article 21—
(a)in paragraph 5—
(i)in the first subparagraph omit “of the home Member State” and the words from “as well as” to the end of that sentence;
(ii)omit the second and third subparagraphs;
(b)omit paragraph 6;
(c)in paragraph 7, for “paragraphs 2 and 6” substitute “ paragraph 2 ”;
(d)in paragraph 10, omit “of the home Member State”;
(e)in paragraph 11, in the third sentence, omit “or where the admission” to the end;
(f)in paragraph 12—
(i)in the first subparagraph, for “ESMA may, or where the Commission so requests shall, develop draft regulatory” substitute “ The FCA may make ”;
(ii)omit the second subparagraph;
(g)in paragraph 13—
(i)in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;
(ii)omit the second and third subparagraphs.
Commencement Information
I1Reg. 49 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)