PART 2Amendment of EU Regulations

CHAPTER 1Amendment of Regulation (EU) 2016/1011

Mandatory administration of a critical benchmarkI117

1

Article 21 (mandatory administration of a critical benchmark) is amended as follows.

2

In paragraph 1, in point (a), for “its competent authority” substitute “ the FCA ”.

3

In paragraph 2—

a

in the first subparagraph--

i

in the opening words, for “the competent authority” substitute “ the FCA ”;

ii

omit point (a);

b

in the second subparagraph, for “the competent authority” substitute “ the FCA ”.

4

In paragraphs 3 and 4, for “the competent authority”, each time it occurs, substitute “ the FCA ”.