The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 No. 542

PART 3 Amendment of retained direct EU legislation

Amendment of the SFT regulation

14.  In Article 11—

(a) in paragraph (1)—

(i) for “delegated acts” substitute “statutory instruments”;

(ii) omit from “as well as the reimbursement of any costs” to “shall be construed as references to paragraph 2 of this Article”;

(b) in paragraph (2) for “The Commission shall be empowered to adopt a delegated act in accordance with Article 30 to” substitute “The Treasury may, by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament,”.