The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 2 U.K. Amendments to the Financial Services and Markets Act 2000

Amendments to Schedule 3 (EEA passport rights) U.K.

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.”.

Marginal Citations

M1 Paragraph 4C was inserted by S.I. 2006/2975.

M2 Paragraph 11A was inserted by S.I. 2007/126.

M3 Paragraph 12(3) was inserted by S.I. 2007/126.

M4 Paragraph 14(1)(ba) was inserted by S.I. 2007/126 and amended by paragraph 3(2) of Schedule 4 to the Financial Services Act 2012.

M5 Paragraph 20(4BA) was inserted by S.I. 2007/126 and amended by paragraph 11(2) of Schedule 4 to the Financial Services Act 2012.

M6 Paragraph 20A was inserted by S.I. 2007/126.