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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 632
- PART 2
- CHAPTER 17
- Regulation 88
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Changes over time for: Section 88
Version Superseded: 31/12/2020
Alternative versions:
- 23/03/2019- Amendment
- 23/03/2019
Point in time - 31/12/2020- Amendment
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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Section 88 is up to date with all changes known to be in force on or before 10 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Section 422A (disregarded holdings)U.K.
This section has no associated Explanatory Memorandum
88. M1In section 422A (disregarded holdings)—
(a)in subsection (4)—
(i)in paragraph (a) M2, for the words from “article 4.1.7” to “directive” substitute “ article 2.1.6 of the markets in financial instruments regulation ”;
(ii)for paragraph (b), substitute—
“(b)has a Part 4A permission to carry on one or more investment services and activities;”;
(b)in subsection (5), for “credit institution” substitute “ qualifying credit institution ”;
(c)in subsection (6)—
(i)in the opening words and in paragraph (b), for “credit institution” substitute “ qualifying credit institution ”;
(ii)in paragraph (a)(ii), omit the words from “in accordance with” to the end;
(d)in subsection (7) M3, for “Article 2.1(b) of the UCITS Directive” substitute “ section 237(2) ”;
(e)in subsection (9A) M4, for the words from “Commission” to “financial instruments” substitute “ the market abuse regulation and Commission Delegated Regulation (EU) No. 1052/2016 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to the regulatory technical standards for conditions applicable to buy-back programmes and stabilisation measures ”;
(f)omit subsection (10) M5.
Commencement Information
I1Reg. 88(a)-(d)(f) in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
I2Reg. 88(e) in force at 23.3.2019, see reg. 1(2)(d)
Marginal Citations
M1Section 422A was substituted by S.I. 2009/534.
M2Section 422A(4)(a) was amended by S.I. 2017/701.
M3Section 422A(7) was amended by S.I. 2011/1613.
M4Section 422A(9A) was inserted by S.I. 2015/1755.
M5Subsection (10) was amended by S.I. 2012/3115.
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