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

Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 U.K.

[F1 6.   In article 7 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001—

(a) in paragraph (2)—

(i) at the end of sub-paragraph (c), insert “or”,

(ii) in sub-paragraph (d) for “registered European lawyer” substitute “a Swiss lawyer who is a registered European lawyer”, and

(iii) omit sub-paragraph (e) and the “or” which precedes it;

(b) in paragraph (3)—

(i) at the end of sub-paragraph (c), omit “and”,

(ii) at the end of sub-paragraph (d), insert “and”, and

(iii) after sub-paragraph (d), insert—

“(e) “Swiss lawyer” means a national of the United Kingdom or a Swiss national who—

(i) immediately before IP completion day was authorised in Switzerland to pursue professional activities under the professional title of Avocat, Advokat, Rechtsanwalt, Anwalt, Fürsprecher, Fürsprech or Avvocato, or

(ii) had started training towards but not yet obtained their professional qualifications before IP completion day in order to be authorised in Switzerland to pursue professional activities under one of the professional titles referred to in paragraph (i) but who completed their qualifications and were so authorised before the end of the period of four years beginning with IP completion day.”]

Textual Amendments

F1 Reg. 6 substituted (31.12.2020 immediately before IP completion day) by The Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020 (S.I. 2020/1342), reg. 1(3), Sch. para. 19 (with Sch. para. 13)

Commencement Information

I1 Reg. 6 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)