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

Draft Legislation:

This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. This draft has been replaced by a new draft, The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 ISBN 978-0-11-118211-6

The Financial Services and Markets Act 2000 (Exemption) Order 2001

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7.—(1) The Financial Services and Markets Act 2000 (Exemption) Order 2001(1) is amended as follows.

(2) In article 2, omit the definition of “credit institution”(2) and insert in the appropriate place—

“qualifying credit institution” has the meaning given by article 3 of the Regulated Activities Order(3);

(3) In the Schedule in paragraph 40(3)(4), for “credit institution” substitute “qualifying credit institution”.

(2)

The definition of “credit institution” was inserted by S.I. 2007/125.

(3)

S.I. 2001/544, as amended by the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/****).

(4)

Sub-paragraph (3) was inserted by S.I. 2007/125. There are amendments to this sub-paragraph but none is relevant.

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