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.