(1) In Article 24, for the words from the beginning to "Regulation (EU) No 1095/2010", substitute "The FCA".
(2) In Article 25 -
(a) in paragraph 1 -
(i) for "Directive 2005/60/EC of the European Parliament and of the Council" substitute "the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 [S.I. 2017/692.]";
(ii) omit the final sentence;
(b) in paragraph 2, omit the final sentence;
(c) in paragraph 3 -
(i) in the first subparagraph, for "ESMA shall develop draft regulatory" substitute "The FCA may make";
(ii) in the second subparagraph, omit "draft regulatory";
(iii) omit the third and fourth subparagraphs.
(3) In Article 26 -
(a) in paragraph 1, omit the second and third subparagraphs;
(b) in paragraph 2, for "trading venue" each time it occurs, substitute "UK, Gibraltar or EU trading venue";
(c) in paragraph 3, for "Article 57 of Directive 2014/65/EU" substitute "Part 3 of the Markets in Financial Instruments Regulations 20