Section 184 (disregarded holdings)U.K.
49. M1In section 184 (disregarded holdings)—
(a)in subsection (4)—
(i)in paragraph (a) M2, for the words from “article 4.1.7” to “directive” substitute “ article 2.1.6 of the markets in financial instruments regulation ”;
(ii)for paragraph (b), substitute—
“(b)has a Part 4A permission to carry on one or more investment services and activities;”;
(b)in subsection (5), for “credit institution” substitute “ qualifying credit institution ”;
(c)in subsection (6)—
(i)in the opening words and in paragraph (b)), for “credit institution” substitute “ qualifying credit institution ”;
(ii)in paragraph (a)(ii), omit the words from “in accordance with” to the end;
(d)in subsection (7) M3, for “Article 2.1(b) of the UCITS Directive” substitute “ section 237(2) ”;
(e)in subsection (9A) M4, for the words from “Commission” to “financial instruments” substitute “ the market abuse regulation and the Commission Delegated Regulation (EU) No. 1052/2016 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to the regulatory technical standards for conditions applicable to buy-back programmes and stabilisation measures ”.
Commencement Information
I1Reg. 49(e) in force at 23.3.2019, see reg. 1(2)(a)
I2Regs. 49(a)-(d) 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
M1Section 184 was substituted by S.I. 2009/534.
M2Section 184(4)(a) was substituted by S.I. 2017/701.
M3Section 184(7) was amended by S.I. 2011/1613.
M4Section 184(9A) was inserted by S.I. 2015/1755.