PART 1Regulatory framework
CHAPTER 1Revocation of F1assimilated law
I11Revocation of F2assimilated law relating to financial services and markets
I2I4I5I6I7I8I91
The legislation referred to in Schedule 1 is revoked.
I32
In that Schedule—
a
Part 1 refers to F4assimilated direct principal legislation;
b
Part 2 refers to subordinate legislation;
c
Part 3 refers to EU tertiary legislation and subordinate legislation made under an instrument referred to in Part 2;
d
Part 4 refers to primary legislation;
e
Part 5 refers to other EU-derived legislation not covered by Parts 1 to 3.
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I34
The revocation of any legislation in accordance with this section does not affect the continued effect of any amendments to other legislation made by that revoked legislation (as those amendments had effect immediately before the revocation).
I35
The Treasury may by regulations provide for specified subordinate legislation, or for subordinate legislation of a specified description, otherwise falling within Part 5 of Schedule 1, not to fall within that Part.
I36
Regulations under subsection (5) are subject to the negative procedure.
Word in Sch. 1 Pt. 1 heading substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 107(10)(b)