SCHEDULE 2Amendments to the Financial Services and Markets Act 2000

Amendments to Schedule 3 (EEA passport rights)54

1

Schedule 3 (EEA passport rights) is amended as follows.

2

For paragraph 4C M1 substitute—

4C

“The markets in financial instruments directive” means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.

3

In paragraph 11A M2 for “4.1.25” substitute “ 4.1.29 ”.

4

In paragraph 12(3) M3 after “5(a)”, insert “ or (b) ”.

5

In paragraph 14(1)(ba) M4 for “31.5” substitute “ 34.6 ”.

6

In paragraph 20(4BA) M5 for “31.6” substitute “ 34.7 ”.

7

In paragraph 20A M6—

a

after “investment firm” in both places, insert “ or UK credit institution ”; and

b

after sub-paragraph (2) insert—

3

In this paragraph “UK credit institution” means a UK firm—

a

which is a credit institution; and

b

whose EEA right derives from the markets in financial instruments directive.