PART 2 U.K. Amendments to the Act

CHAPTER 3 U.K. Part 4A of the Act: permission to carry on regulated activities

Section 55Q (exercise of power in support of overseas regulator) U.K.

20.—(1) Section 55Q M1 (exercise of power in support of overseas regulator) is amended as follows.

(2) Omit subsection (4).

(3) In subsection (5), in the words before paragraph (a), for the words from “do so” to “EU obligation, it” substitute “ exercise its own-initiative powers in response to a request, the UK regulator ”.

(4) Omit subsection (7).

(5) In subsection (8), for “subsection” substitute “ subsections (5) and ”.

Commencement Information

I1 Reg. 20 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 There are other amending instruments but none is relevant.