PART 2Amendment of EU Regulations
CHAPTER 1Amendment of Regulation (EU) 2016/1011
Benchmark statementI123
1
Article 27 (benchmark statement) is amended as follows.
2
In paragraph 1—
a
for “register referred to in Article 36” substitute “
FCA register
”
;
b
for “Union”, both times it occurs, substitute “
United Kingdom
”
.
F12A
In paragraph 2a, in the second subparagraph—
a
for “EU Climate Transition Benchmark or UK Paris-aligned Benchmark” substitute “
UK Climate Transition Benchmark or UK Paris-aligned Benchmark
”
;
b
for “EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks” substitute “
UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks
”
;
c
omit the words “in accordance with” to the end.
2B
In paragraph 2b, for “The Commission is empowered to adopt delegated acts in accordance with Article 49” substitute “
The Treasury may make regulations
”
.
3
In paragraph 3—
a
in the first subparagraph, for “ESMA shall develop draft regulatory” substitute “
The FCA may make
”
;
b
in the second subparagraph, for “ESMA” substitute “
The FCA
”
;
c
omit the third and fourth subparagraphs.