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.