SCHEDULE 2Amendments of subordinate legislation
The Credit Rating Agencies Regulations 2010188
The Credit Rating Agencies Regulations 2010272 are amended as follows—
a
in regulation 2(1) (interpretation)—
i
omit the definition of “the Authority”;
ii
after the definition of “ESMA” insert—
“the FCA” means the Financial Conduct Authority.
b
before regulation 3 (designation of competent authority), in the heading for Part 2, for “The Authority” substitute “The Financial Conduct Authority”;
c
in regulation 3 (designation of competent authority), for “The Authority” substitute “The FCA”;
d
in regulation 5 (disclosure of confidential information)—
i
for “Authority etc” substitute “FCA, PRAetc”,
ii
for “Authority” substitute “FCA”;
e
in regulation 6 (guidance), for “Authority” in each place it appears, substitute “FCA”;
f
in regulation 7 (miscellaneous)—
i
for “Authority” in each place it appears, substitute “FCA”;
ii
for “Part 1 (general) and paragraphs 13 (status) and 19 (exemption from liability in damages) of Schedule 1” substitute “Part 1 (general) and paragraphs 16 (status) and 33 (exemption from liability in damages) of Schedule 1ZA”;
g
in regulation 32 (records of telephone and data traffic: Article 23c(1)(e) of the EC Regulation)—
i
in paragraph (2) for “Authority” substitute “FCA”;
ii
in paragraph (3) for “Authority” substitute “FCA”;
h
in regulation 33 (inspections: Article 23d of the EC Regulation), in each place it appears, for “Authority” substitute “FCA”.