The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 No. 710

PART 2 U.K. Amendment of primary legislation

The Insolvency Act 1986 U.K.

2.  Omit sections 124B (petition for winding up of SE) and 124C (petition for winding up of SCE) of the Insolvency Act 1986 M1 .

Commencement Information

I1 Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)

Marginal Citations

M1 1986 c.45. Section 124B was inserted by S.I. 2004/2326 and section 124C was inserted by S.I. 2006/2078 and amended by S.I. 2013/496.

The Financial Services and Markets Act 2000 U.K.

3.—(1) The Financial Services and Markets Act 2000 M2 is amended as follows.

(2) In section 425(1)(a) M3 (expressions relating to authorisation elsewhere in the single market) omit “ “EEA AIFM”,” and “ “EEA authorisation”,”.

(3) In Part 1 of Schedule 3 M4 (defined terms) omit paragraphs 6 (EEA authorisation) and 11D (EEA AIFM).

Commencement Information

I2 Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)

Marginal Citations

M2 2000 c.8.

M3 Section 425(1)(a) was substituted by S.I. 2003/2066 and amended by S.I. 2013/1773. There are other amendments but none is relevant.

M4 Paragraph 6 was substituted by S.I. 2003/1473 and was amended by S.I. 2012/996 and 2018/546. Paragraph 11D was inserted by S.I. 2001/1773.

Income Tax Act 2007 U.K.

4.  In section 886 of the Income Tax Act 2007 M5 (interest paid by recognised clearing houses etc.), in subsection (3), in the definition of “relevant entity”, omit paragraphs (c) and (f).

Commencement Information

I3 Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)

Marginal Citations

M5 2007 c. 3. Section 886 was amended by the Finance Act 2007 (c. 11), paragraph 24 of Schedule 14, and by S.I. 2013/504 and 2017/1064.

Corporation Tax Act 2009 U.K.

5.  In section 697 of the Corporation Tax Act 2009 M6 (exceptions to section 696)—

(a) in subsection (1)(a), omit “, EEA central counterparty”;

(b) in subsection (6), omit “, EEA central counterparty”.

Commencement Information

I4 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(4)

Marginal Citations

M6 2009 c. 4. Section 697 was amended by the Taxation (International and Other Provisions) Act 2010 (c. 8) paragraph 93 of Schedule 8, and by S.I. 2013/504 and 2017/1064.