{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-189",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-189.json",
  "legislation": "ukdsi/2019/9780111179970",
  "legislation_title": "The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019",
  "path": "regulation/189",
  "kind": "regulation",
  "number": "189",
  "heading": "The Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013",
  "text": "(1) Article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 (dealing in investments as principal: designation by the PRA) is amended as follows.\n(2) In paragraph (2)—\n(a) at the end of sub-paragraph (a) insert “or”;\n(b) omit sub-paragraph (c) and the preceding “or”.\n(3) In paragraph (3)—\n(a) for sub-paragraph (a) substitute—\n“(a) is an investment firm that is required to have initial capital of 730,000 euro or would be required to do so if it had a Part 4A permission;”;\n(b) for sub-paragraph (c) substitute—\n“(c) is established in a country other than the United Kingdom but would meet the requirement specified in sub-paragraph (a) if P were established in the United Kingdom and had obtained the necessary authorisation in the United Kingdom for its business.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2013/556."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Article 3(2) was amended by S.I. 2017/701."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Article 3(3) was amended by S.I. 2013/3115."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Paragraph (3)(a) was substituted by S.I. 2013/3115."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111179970/regulation/189",
    "retrieved_at": "2026-10-30T15:01:09.462058+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}