SCHEDULE 2Amendments to the Financial Services and Markets Act 2000

Amendments to Schedule 3 (EEA passport rights)54

1

Schedule 3 (EEA passport rights) is amended as follows.

2

For paragraph 4C186 substitute—

4C

“The markets in financial instruments directive” means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.

3

In paragraph 11A187 for “4.1.25” substitute “4.1.29”.

4

In paragraph 12(3)188 after “5(a)”, insert “or (b)”.

5

In paragraph 14(1)(ba)189 for “31.5” substitute “34.6”.

6

In paragraph 20(4BA)190 for “31.6” substitute “34.7”.

7

In paragraph 20A191

a

after “investment firm” in both places, insert “or UK credit institution”; and

b

after sub-paragraph (2) insert—

3

In this paragraph “UK credit institution” means a UK firm—

a

which is a credit institution; and

b

whose EEA right derives from the markets in financial instruments directive.