[(1) This Chapter applies where a power for the FCA, the PRA, the Bank of England, or any combination of them to make technical standards is substituted for the power of an EU entity to make EU tertiary legislation (“the original EU power”) by regulations made under section 8 of the European Union (Withdrawal) Act 2018.
(2) The power to make technical standards includes power to modify, amend or revoke—
(a) any technical standards made by the regulator under that power;
(b) any EU tertiary legislation made by an EU entity under the original EU power which forms part of retained EU law.
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