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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
  Version 3 of 3    

Regulation 32 Supervisory measures on product intervention and positions

Revoked from 29 August 2023

(1) In Article 39 -

(a) omit paragraphs 1 and 2;

(b) in paragraph 3 -

(i) for "Competent authorities" substitute "The FCA";

(ii) for "their Member State" substitute "the United Kingdom".

(2) Omit Articles 40 and 41.

(3) In Article 42 -

(a) in paragraph 1 -

(i) for "A competent authority" substitute "The FCA";

(ii) for "that Member State" substitute "the United Kingdom";

(b) in paragraph 2 -

(i) in the first subparagraph -

(aa) in the opening words, for "A competent authority" substitute "The FCA";

(bb) in point (a)(i), for "within at least one Member State" substitute "within the United Kingdom";

(cc) in point (b), for "Union law" substitute "the law of the United Kingdom (or any part of the United Kingdom)";

(dd) in point (c), at the end, insert "and";

(ee) omit points (d) and (e);

(ff) in point (f), after "public bodies" insert "in the United Kingdom";

(ii) in the second and third subparagraphs, for "competent authority" substitute "FCA";

(c) for paragraph 3, substitute -

"3. Su

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