The Prospectus (Amendment etc.) (EU Exit) Regulations 2019

Advertisements U.K.

50.  In Article 22—

(a) in paragraph 6—

(i) in the first subparagraph, omit “of the Member State where the advertisements are disseminated”;

(ii) omit the second subparagraph;

(iii) in the third subparagraph—

(aa) for “a competent” substitute “ the competent ”;

(bb) for “any host Member State” substitute “ the United Kingdom ”;

(iv) omit the fourth subparagraph;

(b) omit paragraphs 7 and 8;

(c) for paragraph 9 substitute—

“9.   The FCA may make technical standards to specify further the provisions concerning advertisements laid down in paragraphs 2 to 4, including to specify the provisions concerning the dissemination of advertisements.”;

(d) omit paragraph 10;

(e) in paragraph 11, for “Union law” substitute “ the law of the United Kingdom ”.

Commencement Information

I1 Reg. 50 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)