In Article 21 -

(a) for the heading substitute "The FCA";

(b) in paragraph 1, for "ESMA", substitute "the FCA";

(c) omit paragraph 2;

(d) omit paragraph 3;

(e) in paragraph 4 -

(i) for "ESMA shall develop draft regulatory" substitute "The FCA may adopt";

(ii) in point (e), for "ESMA" substitute "the FCA";

(iii) omit the second and third paragraphs;

(f) in paragraph 4a -

(i) for "ESMA shall develop draft regulatory", substitute "The FCA may adopt";

(ii) in point (a) and (b), for "ESMA" substitute "the FCA";

(iii) omit the second subparagraph and third subparagraph;

(g) omit paragraph 4b;

(h) in paragraph 5, for "ESMA", substitute "The FCA";

(i) in paragraph 6 -

(i) for "ESMA", where first occurring, substitute "The FCA";

(ii) for "ESMA", where next occurring, substitute "the FCA";