http://www.legislation.gov.uk/id/uksi/2019/407

http://www.legislation.gov.uk/uksi/2019/407/regulation/5

The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

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EXITING THE EUROPEAN UNION

FINANCIAL SERVICES

Statute Law Database

2024-07-18

Expert Participation

2024-06-30

These Regulations are made in exercise of the powers in section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16) and section 2(2) of the 1972 Act to address the deficiencies in retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union.

The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

reg. 13

The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019

reg. 41

reg. 1(3)

The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

Regulations

Financial Services and Markets Act 2023

Sch. 1

Pt. 2

s. 1(4)

s. 86(3)

reg. 2(b)(ii)

The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

PART 4Amendment of primary legislation

Amendment of the Financial Services and Markets Act 2000I15

1

The Financial Services and Markets Act 2000 is amended as follows.

2

In section 284A (transformer vehicles) M1, in subsection (9), omit “an EU instrument and”.

3

In section 316 (direction by a regulator) M2, in subsection (4), omit paragraph (b).

Annotations:

Commencement Information

Reg. 5 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

Marginal Citations

Section 284A was inserted by section 31(1) and (2) of the Bank of England and Financial Services Act 2016 (c.14)

Section 316 was amended by the sections (1) to (5) of the Financial Services Act 2012.