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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 4C(1) 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 11A(2) for “4.1.25” substitute “4.1.29”.

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

(5) In paragraph 14(1)(ba)(4) for “31.5” substitute “34.6”.

(6) In paragraph 20(4BA)(5) for “31.6” substitute “34.7”.

(7) In paragraph 20A(6)—

(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..

(1)

Paragraph 4C was inserted by S.I. 2006/2975.

(2)

Paragraph 11A was inserted by S.I. 2007/126.

(3)

Paragraph 12(3) was inserted by S.I. 2007/126.

(4)

Paragraph 14(1)(ba) was inserted by S.I. 2007/126 and amended by paragraph 3(2) of Schedule 4 to the Financial Services Act 2012.

(5)

Paragraph 20(4BA) was inserted by S.I. 2007/126 and amended by paragraph 11(2) of Schedule 4 to the Financial Services Act 2012.

(6)

Paragraph 20A was inserted by S.I. 2007/126.