Amendments to Part 13 (incoming firms: intervention by FCA or PRA)U.K.
20.—(1) Section 194A M1 (contravention by relevant EEA firm with UK branch of requirement under markets in financial instruments directive: appropriate regulator primarily responsible for securing compliance) is amended as follows.
(2) In subsection (1)(b) M2 for “62.2” substitute “ 86.2 ”.
(3) In subsection (3)—
(a)at the end of paragraph (a) omit “or”;
(b)after paragraph (a) insert—
“(aa)by or under any provision of the markets in financial instruments regulation; or”; and
(c)in paragraph (b)—
(i)for “Community” substitute “ EU ”; and
(ii)after “directive” insert “ or the markets in financial instruments regulation ”.
Marginal Citations
M1Section 194A was inserted by S.I. 2007/126.
M2Subsection (1)(b) was amended by paragraph 33(2) of Schedule 4 to the Financial Services Act 2012.