13.—(1) Article 15 (code of conduct) is amended as follows.
(2) In paragraph 4, for “a relevant competent authority” substitute “the FCA”.
(3) In paragraph 5, for “relevant competent authority”, each time it occurs, substitute “FCA”.
(4) In paragraph 6—
(a)in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “The FCA may make”;
(b)in the second subparagraph, for “ESMA” substitute “The FCA”;
(c)omit the third and fourth subparagraphs.