Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance) (c. 600)

[F1 TITLE IX U.K. REGULATIONS, DIRECTIONS AND TRANSFERRED FUNCTIONS

Article 51 U.K. Transfer of MiFID functions

1. The Treasury may make regulations for the purposes specified in Part 1 of Schedule 3 to this Regulation.

2. The FCA may make technical standards for the purposes set out in Part 2 of Schedule 3 to this Regulation.

3. The FCA may make technical standards for the purposes set out in Part 3 of Schedule 3 to this Regulation applying to authorised persons who are not PRA-authorised persons.

4. The PRA may make technical standards for the purposes set out in Part 3 of Schedule 3 to this Regulation applying to authorised persons who are PRA-authorised persons.

5. For the purposes of this Article—

• “authorised persons” has the meaning given in section 31(2) of FSMA;

• “PRA-authorised person” has the meaning given in section 2B(5) of FSMA.]

Textual Amendments

F1 Title 9 substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 34 (as amended by S.I. 2019/710, regs. 1(2), 16(16)) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)