The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019
PART 1General
1Citation and commencement
PART 2Amendment of secondary legislation
2Amendment of the Insurers (Reorganisation and Winding Up) Regulations 2004
3Amendment of the Credit Institutions (Reorganisation and Winding up) Regulations 2004
4Amendment of the Insurers (Reorganisation and Winding Up (Lloyd's) Regulations 2005
PART 3Transitional and saving provisions
CHAPTER 1EEA institutions subject on IP completion day to reorganisation or winding up in another EEA State
5Interpretation
6Saving for reorganisation or winding up started in another EEA State before exit day
7Safeguards for the operation of certain financial markets
8Conditions under which saving may be disapplied
9Grounds for making an order under regulation 8
10Effect of an order made under regulation 8
CHAPTER 2EEA insurers subject on IP completion day to reorganisation or winding up in another EEA State
11Interpretation
12Saving for reorganisation or winding up started in another EEA State before exit day
13Conditions under which saving may be disapplied
14Grounds for making an order under regulation 13
15Effect of an order made under regulation 13

2019 No. 38

Exiting The European Union
Financial Services

The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019

Sift requirements satisfied

Made

Laid before Parliament

Coming into force in accordance with regulation 1(2) and (3)

M1M2The Treasury are a government department designated for the purpose of section 2(2) of the European Communities Act 1972 in relation to financial services.

M3The Treasury make the following Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 1972 and sections 8(1) and 23(6) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 .

The requirements of paragraph 3(2) of Schedule 7 to the European Union (Withdrawal) Act 2018 (relating to the appropriate Parliamentary procedure for these regulations) have been satisfied.C1

Annotations:
Modifications etc. (not altering text)
Marginal Citations
M2

1972 c. 68. Section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 (c. 7). By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51), regulations may be made under section 2(2) of the European Communities Act 1972 to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1993 (Cm 2073) and the Protocol adjusting the Agreement signed in Brussels on 17th March 1993 (Cm 2183). Paragraph 1A was inserted into Schedule 2 by section 28 of the Legislative and Regulatory Reform Act 2006. The European Communities Act 1972 is repealed with effect from exit day by section 1 of the European Union (Withdrawal) Act 2018.