Prospective
Valid from 31/12/2020
25. In Article 28—
(a)in paragraph (1)—
(i)for “competent authority”, wherever it appears, substitute “ FCA ”;
(ii)in point (b) omit “point (b) of”;
(b)in paragraph (2) for “its competent authority”, in both places where it appears, substitute “ the FCA ”;
(c)in paragraph (3) for “The competent authority” substitute “ The FCA ”; and
(d)in paragraph 4—
(i)in the first subparagraph for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”, and for “the competent authorities” substitute “ it ”;
(ii)omit the second and third subparagraphs.
Commencement Information
I1Reg. 25 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)