PART 2Amendment of EU Regulations
CHAPTER 1Amendment of Regulation (EU) 2016/1011
Authorisation and registration of an administratorI131
1
Article 34 (authorisation and registration of an administrator) is amended as follows.
2
In paragraph 1, in the opening words—
a
for “Union” substitute “
United Kingdom
”
;
b
for the words from “competent” to “located” substitute “
FCA
”
.
3
In paragraphs 2 and 4, for “competent authority” substitute “
FCA
”
.
4
In paragraph 5, for “relevant competent authority”, both times it occurs, substitute “
FCA
”
.
5
In paragraph 6—
a
in the opening words, for “relevant competent authority” substitute “
FCA
”
;
b
in the second subparagraph, for “competent authority”, both times it occurs, substitute “
FCA
”
.
6
Omit paragraph 7.
7
In paragraph 8—
a
in the first subparagraph--
i
for “ESMA shall develop draft regulatory” substitute “
The FCA may make
”
;
ii
for “competent authorities” substitute “
the FCA
”
;
b
omit the second and third subparagraphs.