The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019

Rules: procedure, etc. U.K.

4.—(1) The following provisions of the Act apply in respect of rules made under regulation 3 as they apply in respect of rules made by the FCA under that Act.

(2) The provisions are—

(a) section 138A (modification or waiver of rules) M1 ;

(b) section 138B (publication of directions under section 138A) M2 ;

(c) section 138F (notification of rules) M3 ;

(d) section 138G (rule-making instruments) M4 ;

(e) section 138H (verification of rules) M5 ;

(f) section 138I (consultation by the FCA) M6 as if—

(i) in subsection (6), after paragraph (e) there were inserted—

“(f) regulation 3 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”;

(ii) in subsection (10), after paragraph (b) there were inserted—

“, or

(c) to rules made by the FCA under regulation 3 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”;

(iii) after that subsection there were inserted—

“(10A) Subsection (2)(d) does not apply to rules made by the FCA under regulation 3 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”

Commencement Information

I1 Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1 Inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and amended by paragraph 8 of Schedule 3 to the Financial Services (Banking Reform) Act 2013 (c. 33) and S.I. 2013/1388.

M2 Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

M3 Inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and amended by paragraph 7 of Schedule 3 to the Pension Schemes Act 2015 (c. 8), sections 29(3) and 33(3) of, and paragraph 35 of Schedule 2 to, the Bank of England and Financial Services Act 2016 (c. 14) and paragraph 13 of Schedule 3 to the Financial Guidance and Claims Act 2018 (c. 10).

M4 Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

M5 Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

M6 Inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and amended by paragraph 8 of Schedule 3 to the Pension Schemes Act 2015 (c. 8), sections 29(4) and 33(4) of the Bank of England and Financial Services Act 2016 (c. 14) and paragraph 14 of Schedule 3 to the Financial Guidance and Claims Act 2018 (c. 10).