TITLE IX
REGULATIONS, DIRECTIONS
, RULES
AND TRANSFERRED FUNCTIONS

Transfer of MiFID functions
Article 51
1
The Treasury may make regulations for the purposes specified in Part 1 of Schedule 3 to this Regulation.
2
The FCA may make technical standards for the purposes set out in Part 2 of Schedule 3 to this Regulation.
3
The FCA may make technical standards for the purposes set out in Part 3 of Schedule 3 to this Regulation applying to authorised persons who are not PRA-authorised persons.
4
The PRA may make technical standards for the purposes set out in Part 3 of Schedule 3 to this Regulation applying to authorised persons who are PRA-authorised persons.
5
For the purposes of this Article—
- “
authorised persons
” has the meaning given in section 31(2) of FSMA;
- “
PRA-authorised person
” has the meaning given in section 2B(5) of FSMA.
Title 9 substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 34 (as amended by S.I. 2019/710, regs. 1(2), 16(16)) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
Word in Title 9 heading inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 10 para. 10; S.I. 2021/739, reg. 3(o)