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
”
.