# The Financial Regulators’ Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018, Regulation 2: Interpretation


For the purpose of this Part—
(a) the “appropriate regulator” in relation to—
(i) the EU Regulations specified in Part 1 of the Schedule, is the FCA;
(ii) the EU Regulations specified in Part 2 of the Schedule, is the PRA;
(iii) the EU Regulations specified in Part 3 of the Schedule, is the Bank of England;
(iv) the EU Regulations specified in Part 4 of the Schedule, is both the FCA and the PRA;
(v) the EU Regulations specified in Part 5 of the Schedule, is both the FCA and the Bank of England;
(vi) the EU Regulation specified in Part 6 of the Schedule, is the Payment Systems Regulator;
(vii) EU-derived provisions, means whichever of the FCA, the PRA or the Bank of England made the provisions,
and for the purposes of this paragraph, reference to EU Regulations includes a reference to part of an EU Regulation;
(b) “authorised persons” and “PRA-authorised persons” have the meaning given in sections 31(2) and 2B(5) respectively of the Financial Services and Markets Act 2000;
(c) “central counterparty” has the meaning given in section 313 of the Financial Services and Markets Act 2000;
(d) “central securities depository” has the meaning given in section 417 of the Financial Services and Markets Act 2000;
(e) “the EMIR regulation” means Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories;
(f) “EU-derived provisions” means rules and other enactments made by the FCA, the PRA or the Bank of England which fall within the definition of “EU-derived domestic legislation” within the meaning of section 2(2) of the European Union (Withdrawal) Act 2018;
(g) “EU Exit instrument” means an instrument in writing made in accordance with regulation 3(1);
(h) “FCA” means the Financial Conduct Authority;
(i) “PRA” means the Prudential Regulation Authority;
(j) “Payment Systems Regulator” means the body established under section 40 of the Financial Services (Banking Reform) Act 2013;
(k) “regulators” mean the FCA, the PRA, the Bank of England and the Payment Systems Regulator;
(l) “specified EU Regulations” mean the EU Regulations or parts of EU Regulations forming part of retained EU law which are specified in the Schedule;
(m) a person is connected with another person in the circumstances set out in section 165(11) of the Financial Services and Markets Act 2000.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111171394/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-financial-regulators-powers-technical-standards-etc-amendment-etc-eu-exit-regulations-2018/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.