The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018
PART 1General provision
1Citation, commencement and interpretation
PART 2Repeal of passport rights, etc., under Part 3 of the Financial Services and Markets Act 2000
2Repeal of passport rights, etc.
3Consequential amendments
4Saving provision: tax
PART 3Transitional and saving provision: applications for permission to carry on a regulated activity
CHAPTER 1Modifications of Part 4A of the Financial Services and Markets Act 2000
5Persons to whom the modifications of Part 4A of the Financial Services and Markets Act 2000 apply
6Modifications of Part 4A of the Financial Services and Markets Act 2000
7Persons who cease to be authorised to carry on a regulated activity before exit day
CHAPTER 2Temporary permission to carry on a regulated activity
8Deemed permission under Part 4A of the Financial Services and Markets Act 2000
9Application of regulation 8
10Conditions to be satisfied for regulation 8 to apply
CHAPTER 3Temporary variation to carry on additional regulated activity
11Deemed variation under Part 4A of the Financial Services and Markets Act 2000
12Application of regulation 11
13Conditions to be satisfied for regulation 11 to apply
CHAPTER 4Temporary permission and variation: procedure, etc.
14Steps to be taken before exit day: application or notification
15Regulator’s response
16Further information to be supplied by a person to whom regulation 8 or 11 applies
CHAPTER 5Temporary permission and variation: duration
17Period during which regulation 8 or 11 is to apply
CHAPTER 6Savings
18Requirements imposed by a domestic regulator
19Requirements imposed by a home state regulator
CHAPTER 7General provision
20Directions
21Interpretation
PART 4Transitional provision: miscellaneous
22Persons to whom the modifications in regulations 23 to 25 apply
23Performance of regulated activities - modifications of Part 5 of the Financial Services and Markets Act 2000
24Financial Services Compensation Scheme - modifications of Part 15 of the Financial Services and Markets Act 2000
25Insurance and reinsurance - modification of Part 4 of the Solvency 2 Regulations 2015
26Persons who cease to be authorised to carry on a regulated activity before exit day
PART 5Power to amend time limits
27Power to amend time limits imposed by modifications under these Regulations
SCHEDULEConsequential amendments
PART 1The Financial Services and Markets Act 2000 (c. 8)
1The Financial Services and Markets Act 2000 is amended as...
2In section 3E (memorandum of understanding), omit subsection (2)(f) and...
3Omit section 34 (EEA firms).
4Omit section 35 (Treaty firms).
5In section 55A (application for permission), omit subsection (4).
6In section 55Q (exercise of power in support of overseas...
7In section 55R (persons connected with an applicant), omit subsections...
8(1) Section 55X (determination of applications: warning notices and decision...
9In section 137A (the FCA’s general rules), omit subsection (5)....
10In section 137G (the PRA’s general rules), omit subsection (5)....
11In section 168 (appointment of persons to carry out investigations...
12Omit Part 13 (incoming firms: intervention by FCA or PRA),...
13Omit Part 13A (enhanced supervision of firms exercising rights under...
14In section 213 (the compensation scheme), omit subsections (10) and...
15In section 214 (provisions of the scheme: general), omit subsection...
16In section 224 (scheme manager’s power to inspect documents held...
17In section 234K (duty to consider exercise of powers under...
18In section 313D (interpretation of Part 18A), in subsection (1),...
19Omit section 368 (winding-up petitions: EEA and Treaty firms).
20(1) Section 425 (expressions relating to authorisation elsewhere in the...
21In Schedule 1ZA (the Financial Conduct Authority), in Part 3...
22In Schedule 1ZB (the Prudential Regulation Authority), in Part 3...
23(1) Schedule 6 (threshold conditions) is amended as follows.
PART 2Other primary legislation
24Agricultural Credits Act 1928 (c. 43)
25Solicitors Act 1974 (c. 47)
26Judicial Pensions Act 1981 (c. 20)
27Administration of Justice Act 1985 (c. 61)
28Housing Act 1985 (c. 68)
29Building Societies Act 1986 (c. 53)
30Access to Medical Reports Act 1988 (c. 28)
31Road Traffic Act 1988 (c. 52)
32Social Security Administration Act 1992 (c. 5)
33Judicial Pensions and Retirement Act 1993 (c. 8)
34Social Security (Recovery of Benefits) Act 1997 (c. 27)
35Bank of England Act 1998 (c. 11)
36Trustee Act 2000 (c. 29)
37Anti-terrorism, Crime and Security Act 2001 (c. 24)
38Health and Social Care (Community Health and Standards) Act 2003 (c. 43)
39Legal Services Act 2007 (c. 29)
40Dormant Bank and Building Society Accounts Act 2008 (c. 31)
41Terrorist Asset-Freezing etc. Act 2010 (c. 38)
42Charities Act 2011 (c. 25)
43Health and Social Care Act 2012 (c. 7)
44Welfare Reform and Work Act 2016 (c. 7)
PART 3Secondary legislation
45Social Security (Payments on account, Overpayments and Recovery) Regulations 1988
46Social Landlords (Additional Purposes or Objects) Order 1999
47National Health Service Pension Scheme (Additional Voluntary Contributions) Regulations 2000
48Pig Industry Restructuring (Capital Grant) Scheme 2001
49Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
50Financial Services and Markets Act 2000 (Stakeholder Products) Regulations 2004
51North Korea (United Nations Measures) Order 2006
52Iran (Financial Sanctions) Order 2007
53Lasting Powers of Attorney, Enduring Powers of Attorney and Public Guardian Regulations 2007
54Companies (Authorised Minimum) Regulations 2008
55Zimbabwe (Financial Sanctions) Regulations 2009
56Companies (Authorised Minimum) Regulations 2009
57Somalia (Asset-Freezing) Regulations 2010
58Libya (Financial Sanctions) Order 2011
59Egypt (Asset-Freezing) Regulations 2011
60Tunisia (Asset-Freezing) Regulations 2011
61Iran (Asset-Freezing) Regulations 2011
62Afghanistan (Asset-Freezing) Regulations 2011
63Legal Services Act 2007 (Designation as a Licensing Authority) Order 2011
64ISIL (Da’esh) and Al-Qaida (Asset-Freezing) Regulations 2011
65Legal Services Act 2007 (Designation as a Licensing Authority) (No. 2) Order 2011
66Syria (European Union Financial Sanctions) Regulations 2012
67Guinea-Bissau (Asset-Freezing) Regulations 2012
68Iraq (Asset-Freezing) Regulations 2012
69Republic of Guinea (Asset-Freezing) Regulations 2012
70Democratic Republic of the Congo (Asset-Freezing) Regulations 2012
71Eritrea (Asset-Freezing) Regulations 2012
72Lebanon and Syria (Asset-Freezing) Regulations 2012
73Belarus (Asset-Freezing) Regulations 2013
74Council Tax Reduction Schemes (Detection of Fraud and Enforcement) (England) Regulations 2013
75Civil Legal Aid (Statutory Charge) Regulations 2013
76Local Government Pension Scheme Regulations 2013
77Ukraine (European Union Financial Sanctions) Regulations 2014
78Central African Republic (European Union Financial Sanctions) Regulations 2014
79Ukraine (European Union Financial Sanctions) (No. 2) Regulations 2014
80Prevention of Social Housing Fraud (Power to Require Information) (England) Regulations 2014
81Sudan (European Union Financial Sanctions) Regulations 2014
82Ukraine (European Union Financial Sanctions) (No. 3) Regulations 2014
83Yemen (European Union Financial Sanctions) Regulations 2014
84South Sudan (European Union Financial Sanctions) (No. 2) Regulations 2015
85Burundi (European Union Financial Sanctions) Regulations 2015
86Iran (European Union Financial Sanctions) Regulations 2016
87Libya (European Union Financial Sanctions) Regulations 2016
88Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016
89Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017
90Judicial Pensions (Fee-Paid Judges) Regulations 2017
91Republic of Mali (European Union Financial Sanctions) Regulations 2017
92Venezuela (European Union Financial Sanctions) Regulations 2017
93Andrey Lugovoy and Dmitri Kovtun Freezing Order 2018
94Burma (European Union Financial Sanctions) Regulations 2018

2018 No. 1149

Exiting The European Union
Financial Services And Markets

The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018

Made

Coming into force in accordance with regulation 1(2) and (3)

The Treasury make the following Regulations in exercise of the powers conferred by section 8(1) of, paragraph 1 of Schedule 4 to, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 20181.

In accordance with paragraphs 1(1) and (2) and 12(1) of Schedule 7 to that Act, a draft of this instrument has been laid before, and approved by a resolution of, each House of Parliament.