ScheduleAmendments of primary legislation

Financial Services and Markets Act 2023107

1

The Financial Services and Markets Act 2023290 is amended as follows.

2

In Part 1, in the heading of Chapter 1, for “retained EU” substitute “assimilated”.

3

In section 1—

a

in the heading, for “retained EU” substitute “assimilated”;

b

in subsection (2)(a) for “retained direct principal EU” substitute “assimilated direct principal”;

c

omit subsection (3).

4

In section 4(3) for “retained EU” substitute “assimilated”.

5

In section 6—

a

in subsections (2)(a) and (3)(a), for “a retained EU” substitute “an assimilated”;

b

in subsections (2)(b) and (9)(b) and (c), for “the retained EU” substitute “the assimilated”.

6

In section 7(1), in the definition of “legislation”, for “retained direct EU” substitute “assimilated direct”.

7

In section 23(13) for “retained direct EU” substitute “assimilated direct”.

8

In section 24(11) for “retained direct EU” substitute “assimilated direct”.

9

In section 80—

a

in subsection (1), in the definitions of “enactment” and “subordinate legislation”, for “retained direct EU” substitute “assimilated direct”;

b

omit subsection (2).

10

In Schedule 1—

a

in the Schedule heading, for “retained EU” substitute “assimilated”;

b

in the heading for Part 1 of the Schedule, for “Retained direct principal EU” substitute “Assimilated direct principal”;

c

in Part 5, in the definition of “EU-derived legislation”, for “retained direct EU” substitute “assimilated direct”.