(1) In Article 35 -
(a) in paragraph 2, for "its relevant competent authority" substitute "the competent authority of the CCP";
(b) in paragraph 3, in the fourth sentence, omit "Where the trading venue is established in a different Member State to the CCP,";
(c) in paragraph 4, in the third subparagraph -
(i) for "ESMA" both times it appears, substitute "the FCA";
(ii) for "Article 37 of Directive 2014/65/EU" substitute "paragraphs 7C, 7D, 21A and 31 of the Schedule to the Recognition Requirements Regulations [S.I. 2001/995. Paragraphs 7C, 7D and 21A were inserted by S.I. 2006/3386.]";
(d) in paragraph 5, in the second subparagraph, omit the second and third sentences;
(e) in paragraph 6 -
(i) in the first subparagraph, in the opening words, for "ESMA shall develop draft regulatory" substitute "The Bank of England may, having consulted the FCA, make";
(ii) omit the second and third subparagraphs.
(2) In Article 36 -
(a) in paragraph 2, for "its relevant competent authority" substi