Financial Services Act 2021

This section has no associated Explanatory Notes

6(1)Article 20 (critical benchmarks: conditions and other matters) is amended as follows.U.K.

(2)In paragraph 5(b), for “determines” substitute “ determine ”.

(3)In paragraph 5A(a)—

(a)for “the values in points (a) and (c)(i) of paragraph 1 (the “thresholds”)” substitute “ the value in point (a) of paragraph 1 (“the paragraph 1(a) value”) ”, and

(b)for “to the thresholds” substitute “ to the paragraph 1(a) value ”.

(4)In paragraph 5A(b), for “the thresholds” substitute “ the paragraph 1(a) value ”.

(5)In paragraph 6(a), for “thresholds” substitute “ values ”.

(6)In paragraph 6(b), for “the thresholds in points (a) and (c)(i)” substitute “ the value in point (a) ”.

Commencement Information

I1Sch. 5 para. 6 in force at 1.7.2021 by S.I. 2021/739, reg. 3(n)