The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 No. 632

PART 2 Amendments to the Act

CHAPTER 17 Part 29 of the Act: interpretation of the Act

Section 425C (“qualifying EU provision”)

92.  For section 425C(1) (“qualifying EU provision”) substitute—

““Qualifying provision”

425C.   In this Act “qualifying provision” means a provision of any of the following—

(a) retained direct EU legislation;

(b) technical standards made in accordance with Chapter 2A of Part 9A;

(c) subordinate legislation (within the meaning of the Interpretation Act 1978) made by virtue of regulations made under section 8 of the European Union (Withdrawal) Act 2018.”.

(1)

Section 425C was inserted by section 48(3) of the Financial Services Act 2012.