- Latest available (Revised)
- Original (As made)
The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018, PART 1 is up to date with all changes known to be in force on or before 26 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
1. The Financial Services and Markets Act 2000 M1 is amended as follows.U.K.
Commencement Information
I1Sch. para. 1 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
2. In section 3E (memorandum of understanding) M2, omit subsection (2)(f) and (k).U.K.
Commencement Information
I2Sch. para. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M2Inserted by section 6(1) of the Financial Services Act 2012 (c. 21).
3. Omit section 34 (EEA firms) M3.U.K.
Commencement Information
I3Sch. para. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M3Amended by paragraph 27 of Schedule 4 to the Financial Services Act 2012 (c. 21).
4. Omit section 35 (Treaty firms) M4.U.K.
Commencement Information
I4Sch. para. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M4Amended by paragraph 28 of Schedule 4 to the Financial Services Act 2012 (c. 21).
5. In section 55A (application for permission) M5, omit subsection (4).U.K.
Commencement Information
I5Sch. para. 5 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M5Inserted by section 11(2) of the Financial Services Act 2012 (c. 21) and amended by S.I. 2018/135.
6. In section 55Q (exercise of power in support of overseas regulator) M6, omit subsection (2).U.K.
Commencement Information
I6Sch. para. 6 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M6Inserted by section 11(2) of the Financial Services Act 2012 (c. 21).
7. In section 55R (persons connected with an applicant) M7, omit subsections (2) to (3B).U.K.
Commencement Information
I7Sch. para. 7 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M7Inserted by section 11(2) of the Financial Services Act 2012 (c. 21) and amended by S.I. 2017/701.
8.—(1) Section 55X (determination of applications: warning notices and decision notices) M8 is amended as follows.U.K.
(2) In subsection (2), omit “(unless subsection (3) applies)”.
(3) Omit subsection (3).
Commencement Information
I8Sch. para. 8 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M8Inserted by section 11(2) of the Financial Services Act 2012 (c. 21) and amended by S.I. 2018/135.
9. In section 137A (the FCA's general rules) M9, omit subsection (5).U.K.
Commencement Information
I9Sch. para. 9 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M9Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
10. In section 137G (the PRA's general rules) M10, omit subsection (5).U.K.
Commencement Information
I10Sch. para. 10 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M10Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
11. In section 168 (appointment of persons to carry out investigations in particular cases) M11, in subsection (1)(b), omit “or under Schedule 4”.U.K.
Commencement Information
I11Sch. para. 11 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M11Amended by paragraph 8(1) and (2) of Schedule 12 to the Financial Services Act 2012 (c. 21) and S.I. 2016/680.
12. Omit Part 13 (incoming firms: intervention by FCA or PRA), except for, in section 195 (exercise of power in support of overseas regulator), subsections (3) and (4).U.K.
Commencement Information
I12Sch. para. 12 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
13. Omit Part 13A (enhanced supervision of firms exercising rights under the Insurance Distribution Directive) M12.U.K.
Commencement Information
I13Sch. para. 13 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M12Inserted by S.I. 2018/546.
14. In section 213 (the compensation scheme) M13, omit subsections (10) and (11).U.K.
Commencement Information
I14Sch. para. 14 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M13Amended by S.I. 2011/1613.
15. In section 214 (provisions of the scheme: general), omit subsection (5).U.K.
Commencement Information
I15Sch. para. 15 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
16. In section 224 (scheme manager's power to inspect documents held by Official Receiver etc.), omit subsection (4).U.K.
Commencement Information
I16Sch. para. 16 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
17. In section 234K (duty to consider exercise of powers under Competition Act 1998) M14, in subsection (3), omit paragraph (f).U.K.
Commencement Information
I17Sch. para. 17 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M14Inserted by paragraphs 1 and 3 of Schedule 8 to the Financial Services (Banking Reform) Act 2013 (c. 33).
18. In section 313D (interpretation of Part 18A) M15, in subsection (1), in the definition of “institution”, omit from “but does not include” to the end.U.K.
Commencement Information
I18Sch. para. 18 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M15Inserted by S.I. 2007/126 and amended by section 36(a) of the Financial Services Act 2012 (c. 21), S.I. 2013/3115 and S.I. 2017/701.
19. Omit section 368 (winding-up petitions: EEA and Treaty firms) M16.U.K.
Commencement Information
I19Sch. para. 19 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M16Amended by paragraphs 1 and 15 of Schedule 14 to the Financial Services Act 2012 (c. 21).
20.—(1) Section 425 (expressions relating to authorisation elsewhere in the single market) M17 is amended as follows.U.K.
(2) Omit subsection (2).
(3) In the heading, omit “elsewhere”.
Commencement Information
I20Sch. para. 20 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M17Amended by S.I. 2003/2066, S.I. 2004/3379, S.I. 2006/2975, S.I. 2007/126, S.I. 2007/3253, S.I. 2012/1906, S.I. 2013/1773, S.I. 2013/3115, S.I. 2015/575 and S.I. 2015/910.
21. In Schedule 1ZA (the Financial Conduct Authority) M18, in Part 3 (penalties and fees), omit paragraph 24(a) (together with the final “or”).U.K.
Commencement Information
I21Sch. para. 21 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M18Inserted by Schedule 3 to the Financial Services Act 2012 (c. 21).
22. In Schedule 1ZB (the Prudential Regulation Authority) M19, in Part 3 (penalties and fees), omit paragraph 32(a) (together with the final “or”).U.K.
Commencement Information
I22Sch. para. 22 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M19Inserted by Schedule 3 to the Financial Services Act 2012 (c. 21).
23.—(1) Schedule 6 (threshold conditions) is amended as follows.U.K.
(2) Omit Part 1F (authorisation under Schedule 3) M20.
(3) Omit Part 1G (authorisation under Schedule 4) M21.
Commencement Information
I23Sch. para. 23 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M20Inserted by S.I. 2013/555.
M21Inserted by S.I. 2013/555.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: