The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 No. 542

PART 3 Amendment of retained direct EU legislation

Amendment of the SFT regulation

5.—(1) In Articles 2 to 20, for “Union” in each place it occurs substitute “United Kingdom”.

(2) In Articles 4 to 20, for “ESMA” in each place it occurs substitute “the FCA”.

(3) The amendments made by paragraph (1) do not apply to occurrences of “Union” or “ESMA” amended by another provision within these Regulations.