PART 2 U.K. Amendments to the Act

CHAPTER 15 U.K. Part 27 of the Act: offences

Section 398 (misleading FCA or PRA: residual cases) U.K.

80.—(1) Section 398 M1 (misleading FCA or PRA: residual cases) is amended as follows.

(2) In subsection (1A) M2 —

(a) for paragraph (ea) substitute—

“(ea) any EU regulation, originally made under the markets in financial instruments directive, which is retained direct EU legislation;”;

(b) for paragraph (eb) substitute—

“(eb) any of the following—

(i) the markets in financial instruments regulation,

(ii) any EU regulation, originally made under the markets in financial instruments regulation, which is retained direct EU legislation, and

(iii) any subordinate legislation (within the meaning of the Interpretation Act 1978) made under the markets in financial instruments regulation on or after [F1 IP completion day];”.

Textual Amendments

F1 Words in reg. 80(2)(b) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(h)

Commencement Information

I1 Reg. 80 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 Section 398 was amended by section 37(1) of, and paragraph 1 of part 1 and paragraphs 36(1) and (3) of Part 7 of Schedule 9 to, the Financial Services Act 2012, S.I. 2013/1773, 2015/1882, 2016/680, 2017/701, 2018/135 and 2018/698.

M2 Subsection (1A) was amended by S.I. 2013/1773, 2015/1882, 2016/680, 2017/701, 2018/135 and 2018/698.