# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 189: The Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013


(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.
(2) In paragraph (2)—
(a) at the end of sub-paragraph (a) insert “or”;
(b) omit sub-paragraph (c) and the preceding “or”.
(3) In paragraph (3)—
(a) for sub-paragraph (a) substitute—
“(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;”;
(b) for sub-paragraph (c) substitute—
“(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.”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179970/regulation/189 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-189
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.