PART 10Amendment of retained direct EU legislation

Amendment of Regulation (EC) No 1060/200956

In Article 5—

a

in paragraph 1—

i

for “Union”, substitute “United Kingdom”;

ii

in point (b) for, “the Commission”, substitute “the Treasury”;

iii

omit point (c);

iv

in point (d), for “one or more Member States”, substitute with “the United Kingdom”;

b

in paragraph 2, for “ESMA”, substitute “the FCA”;

c

in paragraph 3, for “ESMA”, substitute “The FCA”;

d

in paragraph 4—

i

in point (b), for “Union”, substitute “United Kingdom”;

ii

in the second paragraph—

aa

for “ESMA”, in each place it occurs, substitute “the FCA”;

bb

for “one or more Member States”, substitute “the United Kingdom”;

e

in paragraph 6—

i

for “The Commission” and “the Commission”, in each place it occurs, substitute “the Treasury”;

ii

omit “in accordance with the regulatory procedure referred to in Article 38(3)”;

iii

in point (c), in the second paragraph, for “shall adopt, by means of delegated acts in accordance with Article 38a, and subject to the conditions of Articles 38b and 38c, measures” substitute “may make regulations”;

f

omit paragraph 7;

g

in paragraph 8, omit “, 23b”.