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

21.—(1) Section 195A M1 (contravention by relevant EEA firm etc of directive requirements: home state regulator primarily responsible for securing compliance) is amended as follows. U.K.

(2) In subsection (1)(a) M2 for “62.1 or 62.3” substitute “ 86.1 or 86.3 ”.

(3) In subsection (2), insert—

(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 195A was inserted by S.I. 2007/126 and amended by S.I. 2011/1613.

M2 Subsection (1) was amended by paragraph 35(2) of Schedule 4 to the Financial Services Act 2012; there are other amendments but none is relevant.