(1) Article 33 (endorsement of benchmarks provided in a third country) is amended as follows.

(2) In paragraph 1 -

(a) in the first subparagraph -

(i) in the opening words -

(aa) for "Union", each time it occurs, substitute "United Kingdom";

(bb) for "relevant competent authority" substitute "FCA";

(ii) in point (a), for "its competent authority" substitute "the FCA";

(iii) in point (c), for "Union" substitute "United Kingdom";

(b) in the second subparagraph, for "competent authority" substitute "FCA".

(3) In paragraph 2, for "competent authority" substitute "FCA".

(4) In paragraph 3 -

(a) for "relevant competent authority" substitute "FCA";

(b) omit the second sentence.

(5) In paragraph 6 -