The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

Amendment of the Financial Services and Markets Act 2000U.K.

This adran has no associated Memorandwm Esboniadol

5.—(1) The Financial Services and Markets Act 2000 is amended as follows.

(2) In section 284A (transformer vehicles) M1, in subsection (9), omit “an EU instrument and”.

(3) In section 316 (direction by a regulator) M2, in subsection (4), omit paragraph (b).

Commencement Information

I1Reg. 5 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

Marginal Citations

M1Section 284A was inserted by section 31(1) and (2) of the Bank of England and Financial Services Act 2016 (c.14)

M2Section 316 was amended by the sections (1) to (5) of the Financial Services Act 2012.