PART 2Amendments to the Act

CHAPTER 1Part 1A of the Act: the regulators

Section 1H (further interpretative provisions for sections 1B to 1G)

4.—(1) Section 1H(1) (further interpretative provisions) is amended as follows.

(2) In subsection (2)(d), for “credit institutions” substitute “qualifying credit institutions”.

(3) In subsection (8)—

(a)omit the definition of “credit institution”(2);

(b)in the definition of “relevant ancillary service”, for “Section B of Annex I to the markets in financial instruments directive” substitute “Part 3A of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001”(3).

(1)

Section 1H was inserted by section 6(1) of the Financial Services Act 2012 and was amended by sections 27(1), (2)(a) and (2)(b) of the Financial Guidance and Claims Act 2018 (c.10) and S.I. 2013/655, 2013/1881, 2013/3115, 2017/752 and 2018/135.

(2)

This definition was amended by S.I. 2013/3115.