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

92.  In Article 35a—

(a) in paragraph 2, in the second subparagraph omit “competent national”;

(b) paragraph 3, point (b), for “applicable national law”, substitute “ law applicable in the United Kingdom ”;

(c) in paragraph 4—

(i) for “applicable national law”, in each place it occurs substitute “ law applicable in the United Kingdom ”;

(ii) omit the last sentence;

(d) in paragraph 5, for “national law”, substitute “ law applicable in the United Kingdom ”;

(e) in paragraph 6—

(i) for “ESMA”, substitute “ the FCA ”;

(ii) for “as laid down in Article 36a” substitute “ to impose fines under the Credit Rating Agencies (EU Exit) (Amendments etc.) Regulations 2019 or under this Regulation ”;

Commencement Information

I1 Reg. 92 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)