The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019

79.  In Article 21—

(a) for the heading substitute “ The FCA ”;

(b) in paragraph 1, for “ESMA”, substitute “ the FCA ”;

(c) omit paragraph 2;

(d) omit paragraph 3;

(e) in paragraph 4—

(i) for “ESMA shall develop draft regulatory” substitute “ The FCA may adopt ”;

(ii) in point (e), for “ESMA” substitute “ the FCA ”;

(iii) omit the second and third paragraphs;

(f) in paragraph 4a—

(i) for “ESMA shall develop draft regulatory”, substitute “ The FCA may adopt ”;

(ii) in point (a) and (b), for “ESMA” substitute “ the FCA ”;

(iii) omit the second subparagraph and third subparagraph;

(g) omit paragraph 4b;

(h) in paragraph 5, for “ESMA”, substitute “ The FCA ”;

(i) in paragraph 6—

(i) for “ESMA”, where first occurring, substitute “ The FCA ”;

(ii) for “ESMA”, where next occurring, substitute “ the FCA ”;

(iii) for “the European Parliament, the Council and the Commission”, substitute “ the Treasury. ”;

(j) omit paragraph 7.

Commencement Information

I1 Reg. 79 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)