Financial Services and Markets Act 2000

425 Expressions relating to authorisation elsewhere in the single market.U.K.

This section has no associated Explanatory Notes

(1)In this Act—

[F1(a)“banking consolidation directive”, [F2 “life assurance consolidation directive”] “EEA authorisation”, “EEA firm”, “EEA right”, “EEA State”, F3. . . , “first non-life insurance directive”, “insurance directives”, [F4“reinsurance directive”,] [F5 “insurance mediation directive”,] “insurance mediation directive”, F6. . . [F7“markets in financial instruments directive”, ]“single market directives”[F8 “, tied agent”] and “UCITS directive” have the meaning given in Schedule 3; and]

(b)“home state regulator”, in relation to an EEA firm, has the meaning given in Schedule 3.

(2)In this Act—

(a)“home state authorisation” has the meaning given in Schedule 4;

(a)“Treaty firm” has the meaning given in Schedule 4; and

(c)“home state regulator”, in relation to a Treaty firm, has the meaning given in Schedule 4.

Textual Amendments

F6Words in s. 425(1)(a) omitted (1.4.2007 for certain purposes and 1.11.2007 otherwise) by virtue of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(5), Sch. 5 para. 22(a)