PART 2 U.K.Amendment and revocation of retained direct principal EU legislation

CHAPTER 2 U.K.Amendment of Regulation (EC) No 550/2004

Article 3 of Regulation (EC) No 550/2004 U.K.

22.—(1) Article 3 (qualified entities) is amended as follows.

(2) In paragraph 1 for “National supervisory authorities” substitute “ The national supervisory authority ”.

(3) In paragraph 2—

(a) for “a national” substitute “ the national ”,

(b) omit “within the Community”, and

(c) omit the second sentence.

Commencement Information

I1 Reg. 22 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)