PART 2Amendment of EU Regulations

CHAPTER 1Amendment of Regulation (EU) 2016/1011

Code of conductI113

1

Article 15 (code of conduct) is amended as follows.

2

In paragraph 4, for “a relevant competent authority” substitute “ the FCA ”.

F13

In paragraph 5—

a

for “relevant competent authority”, each time it occurs, substitute “FCA”;

b

for “application of the decision to include a critical benchmark in the list referred to in Article 20(1)” substitute “the Treasury making regulations under Articles A20(5) or (6), or 20(5) specifying a benchmark as critical”.

4

In paragraph 6—

a

in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;

b

in the second subparagraph, for “ESMA” substitute “ The FCA ”;

c

omit the third and fourth subparagraphs.