- Latest available (Revised)
- Point in Time (01/03/2019)
- Original (As made)
The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018
You are here:
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes over time for: PART 1
Version Superseded: 31/12/2020
Alternative versions:
- 07/11/2018- Amendment
- 01/03/2019
Point in time - 31/12/2020- Amendment
Status:
Point in time view as at 01/03/2019.
Changes to legislation:
The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018,
PART 1
is up to date with all changes known to be in force on or before 28 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Valid from 31/12/2020
PART 1 U.K.The Financial Services and Markets Act 2000 (c. 8)
1. The Financial Services and Markets Act 2000 M1 is amended as follows.U.K.
2. In section 3E (memorandum of understanding) M2, omit subsection (2)(f) and (k).U.K.
Marginal Citations
M2Inserted by section 6(1) of the Financial Services Act 2012 (c. 21).
3. Omit section 34 (EEA firms) M3.U.K.
Marginal Citations
M3Amended by paragraph 27 of Schedule 4 to the Financial Services Act 2012 (c. 21).
4. Omit section 35 (Treaty firms) M4.U.K.
Marginal Citations
M4Amended by paragraph 28 of Schedule 4 to the Financial Services Act 2012 (c. 21).
5. In section 55A (application for permission) M5, omit subsection (4).U.K.
Marginal Citations
M5Inserted by section 11(2) of the Financial Services Act 2012 (c. 21) and amended by S.I. 2018/135.
6. In section 55Q (exercise of power in support of overseas regulator) M6, omit subsection (2).U.K.
Marginal Citations
M6Inserted by section 11(2) of the Financial Services Act 2012 (c. 21).
7. In section 55R (persons connected with an applicant) M7, omit subsections (2) to (3B).U.K.
Marginal Citations
M7Inserted by section 11(2) of the Financial Services Act 2012 (c. 21) and amended by S.I. 2017/701.
8.—(1) Section 55X (determination of applications: warning notices and decision notices) M8 is amended as follows.U.K.
(2) In subsection (2), omit “(unless subsection (3) applies)”.
(3) Omit subsection (3).
Marginal Citations
M8Inserted by section 11(2) of the Financial Services Act 2012 (c. 21) and amended by S.I. 2018/135.
9. In section 137A (the FCA's general rules) M9, omit subsection (5).U.K.
Marginal Citations
M9Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
10. In section 137G (the PRA's general rules) M10, omit subsection (5).U.K.
Marginal Citations
M10Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
11. In section 168 (appointment of persons to carry out investigations in particular cases) M11, in subsection (1)(b), omit “or under Schedule 4”.U.K.
Marginal Citations
M11Amended by paragraph 8(1) and (2) of Schedule 12 to the Financial Services Act 2012 (c. 21) and S.I. 2016/680.
12. Omit Part 13 (incoming firms: intervention by FCA or PRA), except for, in section 195 (exercise of power in support of overseas regulator), subsections (3) and (4).U.K.
13. Omit Part 13A (enhanced supervision of firms exercising rights under the Insurance Distribution Directive) M12.U.K.
Marginal Citations
M12Inserted by S.I. 2018/546.
14. In section 213 (the compensation scheme) M13, omit subsections (10) and (11).U.K.
Marginal Citations
M13Amended by S.I. 2011/1613.
15. In section 214 (provisions of the scheme: general), omit subsection (5).U.K.
16. In section 224 (scheme manager's power to inspect documents held by Official Receiver etc.), omit subsection (4).U.K.
17. In section 234K (duty to consider exercise of powers under Competition Act 1998) M14, in subsection (3), omit paragraph (f).U.K.
Marginal Citations
M14Inserted by paragraphs 1 and 3 of Schedule 8 to the Financial Services (Banking Reform) Act 2013 (c. 33).
18. In section 313D (interpretation of Part 18A) M15, in subsection (1), in the definition of “institution”, omit from “but does not include” to the end.U.K.
Marginal Citations
M15Inserted by S.I. 2007/126 and amended by section 36(a) of the Financial Services Act 2012 (c. 21), S.I. 2013/3115 and S.I. 2017/701.
19. Omit section 368 (winding-up petitions: EEA and Treaty firms) M16.U.K.
Marginal Citations
M16Amended by paragraphs 1 and 15 of Schedule 14 to the Financial Services Act 2012 (c. 21).
20.—(1) Section 425 (expressions relating to authorisation elsewhere in the single market) M17 is amended as follows.U.K.
(2) Omit subsection (2).
(3) In the heading, omit “elsewhere”.
Marginal Citations
M17Amended by S.I. 2003/2066, S.I. 2004/3379, S.I. 2006/2975, S.I. 2007/126, S.I. 2007/3253, S.I. 2012/1906, S.I. 2013/1773, S.I. 2013/3115, S.I. 2015/575 and S.I. 2015/910.
21. In Schedule 1ZA (the Financial Conduct Authority) M18, in Part 3 (penalties and fees), omit paragraph 24(a) (together with the final “or”).U.K.
Marginal Citations
M18Inserted by Schedule 3 to the Financial Services Act 2012 (c. 21).
22. In Schedule 1ZB (the Prudential Regulation Authority) M19, in Part 3 (penalties and fees), omit paragraph 32(a) (together with the final “or”).U.K.
Marginal Citations
M19Inserted by Schedule 3 to the Financial Services Act 2012 (c. 21).
23.—(1) Schedule 6 (threshold conditions) is amended as follows.U.K.
(2) Omit Part 1F (authorisation under Schedule 3) M20.
(3) Omit Part 1G (authorisation under Schedule 4) M21.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThe Whole Schedule
PrintThis Part only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Impact Assessments
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
- Why the government is proposing to intervene;
- The main options the government is considering, and which one is preferred;
- How and to what extent new policies may impact on them; and,
- The estimated costs and benefits of proposed measures.
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.