In Article 5 -

(a) in paragraph (7) -

(i) for "ESMA shall develop draft regulatory" substitute "the FCA may make";

(ii) omit from "ESMA shall submit those draft regulatory" to the end;

(b) in paragraph (8) -

(i) for "ESMA shall develop draft implementing" substitute "the FCA may make";

(ii) omit from "ESMA shall submit those draft implementing" to the end.