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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 632
- PART 2
- CHAPTER 14
- Regulation 74
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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Section 74 is up to date with all changes known to be in force on or before 07 November 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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Changes and effects yet to be applied to Regulation 74:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Section 391 (publication)U.K.
This section has no associated Explanatory Memorandum
74.—(1) Section 391 M1 (publication) is amended as follows.
(2) Omit subsections (7A) M2 and (7B) M3.
(3) In subsection (8A) M4, for “requirement imposed by the CSD regulation or any directly applicable regulation made under the CSD regulation” substitute “ CSD requirement ”.
(4) After subsection (8A) insert—
“(8AA) A “CSD requirement” is a requirement imposed by—
(a)the CSD regulation,
(b)any EU regulation, originally made under the CSD regulation, which is retained direct EU legislation, or
(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) made under the CSD regulation on or after [F1IP completion day].”.
(5) In subsection (8B) M5, for “requirement imposed by the market abuse regulation or a directly applicable EU regulation made under the market abuse regulation” substitute “ market abuse requirement ”.
(6) After subsection (8B) insert—
“(8BA) A “market abuse requirement” is a requirement imposed by—
(a)the market abuse regulation,
(b)any EU regulation, originally made under the market abuse regulation, which is retained direct EU legislation, or
(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) made under the market abuse regulation on or after [F2IP completion day].”.
(7) In subsection (8D) M6—
(a)omit the “or” at the end of paragraph (a);
(b)in paragraph (b)—
(i)for “directly applicable regulation” substitute “ EU regulation, originally ”, and
(ii)at the end insert “ which is retained direct EU legislation, ”;
(c)after paragraph (b) insert—
“or
(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) made under the PRIIPs regulation on or after [F3IP completion day],”.
(8) In subsection (8E) M7, for the words from “imposed by” to “this section” substitute—
“imposed by—
(a)the EU Benchmarks Regulation 2016,
(b)any EU regulation, originally made under the EU Benchmarks Regulation 2016, which is retained direct EU legislation, or
(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) made under the EU Benchmarks Regulation on or after [F4IP completion day],
this section”.
(9) Omit subsection (8F) M8.
Textual Amendments
F1Words in reg. 74(4) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(g)(i)
F2Words in reg. 74(6) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(g)(ii)
F3Words in reg. 74(7)(c) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(g)(iii)
F4Words in reg. 74(8) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(g)(iv)
Commencement Information
I1Reg. 74 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M1Section 391 was amended by sections 13(1) and (3), 24(1) and (2) of, and paragraphs 1 and 28 of Part 1 of Schedule 2 to, the Financial Services Act 2010, sections 24(2) and 37(1) of, and paragraph 1 of Part 1 and paragraphs 30(1), (2), (3), (4)(a), (4)(b), (5), (6), (7), (8) of Part 6 of Schedule 9 to, the Financial Services Act 2012, section 4(3) of the Financial Services (Banking Reform) Act 2013, S.I. 2012/916, 2013/1388, 2013/3115, 2014/2879, 2015/1755, 2016/225, 2016/680, 2016/715, 2017/701, 2017/1127 and 2018/135.
M2Subsection (7A) was inserted by S.I. 2012/916 and amended by section 37(1) of, paragraph 1 of Part 1 and paragraphs 30(1) and (8) of Part 6 of Schedule 9 to, the Financial Services Act 2012.
M3Subsection (7B) was inserted by S.I. 2012/916 and amended by S.I. 2016/680 and 2017/701.
M4Subsection (8A) was inserted by S.I. 2014/2879.
M5Subsection (8B) was inserted by S.I. 2016/680.
M6Subsection (8D) was inserted by S.I. 2017/1127.
M7Subsection (8E) was inserted by S.I. 2018/135.
M8Subsection (8F) was inserted by S.I. 2018/1288.
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