Regulation (EU) No 600/2014 of the European Parliament and of the CouncilShow full title

Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance)

[F1Article 51U.K.Transfer of MiFID functions

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.]