The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 2 U.K. Amendments to the Financial Services and Markets Act 2000

Amendments to Part 13 (incoming firms: intervention by FCA or PRA) U.K.

20.—(1) Section 194A M1 (contravention by relevant EEA firm with UK branch of requirement under markets in financial instruments directive: appropriate regulator primarily responsible for securing compliance) is amended as follows.

(2) In subsection (1)(b) M2 for “62.2” substitute “ 86.2 ”.

(3) In subsection (3)—

(a) at the end of paragraph (a) omit “or”;

(b) after paragraph (a) insert—

“(aa) by or under any provision of the markets in financial instruments regulation; or”; and

(c) in paragraph (b)—

(i) for “Community” substitute “ EU ”; and

(ii) after “directive” insert “ or the markets in financial instruments regulation ”.

Marginal Citations

M1 Section 194A was inserted by S.I. 2007/126.

M2 Subsection (1)(b) was amended by paragraph 33(2) of Schedule 4 to the Financial Services Act 2012.