The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 No. 1301

PART 2 Amendment of secondary legislation

The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018

2.  In regulation 70(2)(b) (Financial Services Compensation Scheme: a person to whom regulation 28 or 34 applies) of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018(1), in new subsection (9C), in the definition of “investment firm”, for “exit” substitute “IP completion day.

General amendment of secondary legislation (“exit day” references)

3.—(1) Subject to paragraph (2), in each of the provisions specified in the Schedule, for the words “exit day”, in each case, substitute “IP completion day”.

(2) The amendment in paragraph (1) applies to “exit day” in each place it occurs within a provision specified in the Schedule, including in the heading for the regulation or Article containing the specified provision (where applicable), unless the contrary intention applies.

(1)

S.I. 2018/1149; relevant amending instruments are S.I. 2019/405 and 1010.