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49. In Article 21—
(a)in paragraph 5—
(i)in the first subparagraph omit “of the home Member State” and the words from “as well as” to the end of that sentence;
(ii)omit the second and third subparagraphs;
(b)omit paragraph 6;
(c)in paragraph 7, for “paragraphs 2 and 6” substitute “paragraph 2”;
(d)in paragraph 10, omit “of the home Member State”;
(e)in paragraph 11, in the third sentence, omit “or where the admission” to the end;
(f)in paragraph 12—
(i)in the first subparagraph, for “ESMA may, or where the Commission so requests shall, develop draft regulatory” substitute “The FCA may make”;
(ii)omit the second subparagraph;
(g)in paragraph 13—
(i)in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “The FCA may make”;
(ii)omit the second and third subparagraphs.
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