SCHEDULE 2Amendments to the Financial Services and Markets Act 2000

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1

Section 195A M1 (contravention by relevant EEA firm etc of directive requirements: home state regulator primarily responsible for securing compliance) is amended as follows.

2

In subsection (1)(a) M2 for “62.1 or 62.3” substitute “ 86.1 or 86.3 ”.

3

In subsection (2), insert—

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

c

in paragraph (b)—

i

for “Community” substitute “ EU ”; and

ii

after “directive” insert “ or the markets in financial instruments regulation ”.