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The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019

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The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019, PART 2 is up to date with all changes known to be in force on or before 29 July 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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PART 2U.K.Amendment of primary legislation

The Insolvency Act 1986U.K.

2.  Omit sections 124B (petition for winding up of SE) and 124C (petition for winding up of SCE) of the Insolvency Act 1986 M1.

Commencement Information

I1Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)

Marginal Citations

M11986 c.45. Section 124B was inserted by S.I. 2004/2326 and section 124C was inserted by S.I. 2006/2078 and amended by S.I. 2013/496.

The Financial Services and Markets Act 2000U.K.

3.—(1) The Financial Services and Markets Act 2000 M2 is amended as follows.

(2) In section 425(1)(a) M3 (expressions relating to authorisation elsewhere in the single market) omit “ “EEA AIFM”,” and “ “EEA authorisation”,”.

(3) In Part 1 of Schedule 3 M4 (defined terms) omit paragraphs 6 (EEA authorisation) and 11D (EEA AIFM).

Commencement Information

I2Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)

Marginal Citations

M3Section 425(1)(a) was substituted by S.I. 2003/2066 and amended by S.I. 2013/1773. There are other amendments but none is relevant.

M4Paragraph 6 was substituted by S.I. 2003/1473 and was amended by S.I. 2012/996 and 2018/546. Paragraph 11D was inserted by S.I. 2001/1773.

Income Tax Act 2007U.K.

4.  In section 886 of the Income Tax Act 2007 M5 (interest paid by recognised clearing houses etc.), in subsection (3), in the definition of “relevant entity”, omit paragraphs (c) and (f).

Commencement Information

I3Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)

Marginal Citations

M52007 c. 3. Section 886 was amended by the Finance Act 2007 (c. 11), paragraph 24 of Schedule 14, and by S.I. 2013/504 and 2017/1064.

Corporation Tax Act 2009U.K.

5.  In section 697 of the Corporation Tax Act 2009 M6 (exceptions to section 696)—

(a)in subsection (1)(a), omit “, EEA central counterparty”;

(b)in subsection (6), omit “, EEA central counterparty”.

Commencement Information

I4Reg. 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(4)

Marginal Citations

M62009 c. 4. Section 697 was amended by the Taxation (International and Other Provisions) Act 2010 (c. 8) paragraph 93 of Schedule 8, and by S.I. 2013/504 and 2017/1064.

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