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Regulation (EU) No 600/2014 of the European Parliament and of the CouncilShow full title
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)
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Changes over time for: Article 50B
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Regulation (EU) No 600/2014 of the European Parliament and of the Council, Article 50B is up to date with all changes known to be in force on or before 15 August 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.
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- Sch. 3 para. 31 revoked by 2023 c. 29 Sch. 2 para. 50(c)(ii)
- Sch. 3 para. 32 revoked by 2023 c. 29 Sch. 2 para. 50(c)(ii)
- Art. 2.1(12)(12A) substituted by 2023 c. 29 Sch. 2 para. 8
- Art. 2.1(17) words omitted by 2023 c. 29 Sch. 2 para. 19(a)
- Art. 3(4)(5) inserted by 2023 c. 29 Sch. 2 para. 2
- Art. 18-18b substituted for Art. 18 by 2023 c. 29 Sch. 2 para. 10
- Art. 28a inserted by 2023 c. 29 Sch. 2 para. 17
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- Art. 46(2A) omitted by 2021 c. 22 Sch. 10 para. 5(4)
- Art. 50C(2) words inserted by 2023 c. 29 Sch. 2 para. 26(2)
- Art. 50C(3) words inserted by 2023 c. 29 Sch. 2 para. 26(3)
- Art. 50C(4) words inserted by 2023 c. 29 Sch. 2 para. 26(4)
- Art. 50D(1) words substituted by 2023 c. 29 Sch. 2 para. 27(2)(a)
- Art. 50D(1) words substituted by 2023 c. 29 Sch. 2 para. 27(2)(b)
- Art. 50D(2A) inserted by 2023 c. 29 Sch. 2 para. 27(4)
- Art. 50D(3) words substituted by 2023 c. 29 Sch. 2 para. 27(5)
- Art. 54a addition by EUR 2019/2175 Regulation (This amendment by the EU not applied to legislation.gov.uk because it is brought into force after IP completion day.)
- Art. 54b addition by EUR 2019/2175 Regulation (This amendment by the EU not applied to legislation.gov.uk because it is brought into force after IP completion day.)
[F1Article 50BU.K.FCA Directions [F2identifying relevant area of the UK]
1.A direction may only be given, amended or revoked by the FCA under [F3Article 5, Article 9 or] Article 14 (“an FCA direction”) with the approval of the Treasury.
2.An FCA direction—
(a)may specify different countries in relation to different financial instruments;
(b)must specify the date on which the direction comes into effect and the financial instruments or class of instruments to which it applies;
(c)may be amended or revoked.
3.The Treasury may refuse to approve an FCA direction if it appears to the Treasury that—
(a)the giving of that direction would prejudice any current or proposed negotiations for an international agreement between the United Kingdom and one or more other countries, international organisations or institutions; or
(b)there are grounds under section 410 (international obligations) of FSMA to direct the FCA not to give that direction.
4.For the purposes of paragraph 3, “international organisations” includes the European Union.
5.The Treasury must notify the FCA in writing whether or not they approve an FCA direction within four weeks from the day on which that direction is submitted to the Treasury for approval (“the relevant period”).
6.If the Treasury do not give notice under paragraph 5 before the end of the relevant period the Treasury are deemed to have approved the direction.
7.Provision of a draft direction to the Treasury for consultation does not amount to submission of the direction for approval.
8.A copy of each FCA direction given under this Article must be must be laid before Parliament and published in a way appearing to the FCA to be best calculated to bring it to the attention of the public.]
Textual Amendments
F1Title 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)
F2Words in Article 50B heading inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5) Sch. 10 para. 11; S.I. 2021/739, reg. 3(o)
F3Words in Art. 50B omitted (29.8.2023 for specified purposes) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 25 (with s. 2(3)); S.I. 2023/779, reg. 4(zz)(i)(ee)
Modifications etc. (not altering text)
C1Art. 50B applied (31.12.2020) by Regulation (EU) No. 567/2017, Art. 5(6) (as inserted by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 59(2)(e) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1))
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