Mandatory administration of a critical benchmarkU.K.
This section has no associated Explanatory Memorandum
17.—(1) Article 21 (mandatory administration of a critical benchmark) is amended as follows.
(2) In paragraph 1, in point (a), for “its competent authority” substitute “ the FCA ”.
(3) In paragraph 2—
(a)in the first subparagraph--
(i)in the opening words, for “the competent authority” substitute “ the FCA ”;
(ii)omit point (a);
(b)in the second subparagraph, for “the competent authority” substitute “ the FCA ”.
(4) In paragraphs 3 and 4, for “the competent authority”, each time it occurs, substitute “ the FCA ”.
Commencement Information
I1Reg. 17 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)