In Article 35a -

(a) in paragraph 2, in the second subparagraph omit "competent national";

(b) paragraph 3, point (b), for "applicable national law", substitute "law applicable in the United Kingdom";

(c) in paragraph 4 -

(i) for "applicable national law", in each place it occurs substitute "law applicable in the United Kingdom";

(ii) omit the last sentence;

(d) in paragraph 5, for "national law", substitute "law applicable in the United Kingdom";

(e) in paragraph 6 -

(i) for "ESMA", substitute "the FCA";

(ii) for "as laid down in Article 36a" substitute "to impose fines under the Credit Rating Agencies (EU Exit)(Amendments etc.) Regulations 2019 or under this Regulation";