(1) Article 27 (benchmark statement) is amended as follows.

(2) In paragraph 1 -

(a) for "register referred to in Article 36" substitute "FCA register";

(b) for "Union", both times it occurs, substitute "United Kingdom".

(2A) In paragraph 2a, in the second subparagraph -

(a) for "EU Climate Transition Benchmark or UK Paris-aligned Benchmark" substitute "UK Climate Transition Benchmark or UK Paris-aligned Benchmark";

(b) for "EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks" substitute "UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks";

(c) omit the words "in accordance with" to the end.

(2B) In paragraph 2b, for "The Commission is empowered to adopt delegated acts in accordance with Article 49" substitute "The Treasury may make regulations".