PART 2Amendment of EU Regulations

CHAPTER 1Amendment of Regulation (EU) 2016/1011

Transparency of methodologyI111

1

Article 13 (transparency of methodology) is amended as follows.

F11A

In paragraph 2a, for “The Commission is empowered to adopt delegated acts in accordance with Article 49” substitute “ The Treasury may make regulations ”.

2

In paragraph 3—

a

in the first subparagraph—

i

in the first sentence, for “ESMA shall develop draft regulatory” substitute “ The FCA may make ”;

ii

in the second sentence, for “ESMA” substitute “ The FCA ”;

iii

in the third sentence, omit “ESMA draft regulatory”;

b

omit the second and third subparagraphs.

3

Omit paragraph 4.