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The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020

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This is the original version (as it was originally made).

PART 1General provision

Citation and commencement

1.  These Regulations may be cited as the Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 and come into force on 30th December 2020.

PART 2Amendment of secondary legislation

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

2.  In regulation 70(2)(b) (Financial Services Compensation Scheme: a person to whom regulation 28 or 34 applies) of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018(1), in new subsection (9C), in the definition of “investment firm”, for “exit” substitute “IP completion day.

General amendment of secondary legislation (“exit day” references)

3.—(1) Subject to paragraph (2), in each of the provisions specified in the Schedule, for the words “exit day”, in each case, substitute “IP completion day”.

(2) The amendment in paragraph (1) applies to “exit day” in each place it occurs within a provision specified in the Schedule, including in the heading for the regulation or Article containing the specified provision (where applicable), unless the contrary intention applies.

James Morris

Michael Tomlinson

Two of the Lords Commissioners of Her Majesty’s Treasury

17th November 2020

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