The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019

[F1 UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks U.K.

14A.— (1) Chapter 3a is amended as follows.

(2) In the title to Chapter 3a, for “EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks” substitute “ UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks ”.

(3) In Article 19a—

(a) in the heading, for “EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks” substitute “ UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks ”;

(b) in paragraph 1, for “EU”, in both places, substitute “ UK ”;

(c) in paragraph 2—

(i) for “The Commission is empowered to adopt delegated acts in accordance with Article 49” substitute “ The Treasury may make regulations ”;

(ii) for “EU”, in each place, substitute “ UK ”;

(d) in paragraph 3, for “EU”, in both places, substitute “ UK ”.

(4) In Article 19b—

(a) in the heading, for “EU Climate Transition Benchmarks” substitute “ UK Climate Transition Benchmarks ”;

(b) in paragraph 1, for “EU” substitute “ UK ”.

(5) In Article 19c—

(a) in the heading, for “EU Paris-aligned Benchmarks” substitute “ UK Paris-aligned Benchmarks ”;

(b) in paragraph 1—

(i) for “EU” substitute “ UK ”;

(ii) for “The Commission is empowered to adopt delegated acts in accordance with Article 49” substitute “ The Treasury may make regulations ”;

(iii) omit “The Commission shall adopt that delegated act by 1 January 2021 and update it every three years”;

(c) omit paragraph 2.

(6) Article 19d is amended as follows.

(a) in the heading, for “EU Climate Transition Benchmarks” substitute “ UK Climate Transition Benchmarks ”;

(b) in paragraph 1—

(i) for “Union” substitute “ United Kingdom ”;

(ii) for “EU” substitute “ UK ”.]

Textual Amendments

F1 Reg. 14A inserted (31.12.2020 immediately before IP completion day) by The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2020 (S.I. 2020/628), regs. 1(3), 12(4) (as amended by S.I. 2020/1385, regs. 1(4), 68)

Commencement Information

I1 Reg. 14A in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)