21.—(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.U.K.
(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”; 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 195A was inserted by S.I. 2007/126 and amended by S.I. 2011/1613.
M2Subsection (1) was amended by paragraph 35(2) of Schedule 4 to the Financial Services Act 2012; there are other amendments but none is relevant.