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20.—(1) Section 194A(1) (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)(2) 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”.
Section 194A was inserted by S.I. 2007/126.
Subsection (1)(b) was amended by paragraph 33(2) of Schedule 4 to the Financial Services Act 2012.
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