{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-35",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-35.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/35",
  "kind": "regulation",
  "number": "35",
  "heading": "Section 137J (rules about recovery plans: duty to consult)",
  "text": "In section 137J (rules about recovery plans: duty to consult), in subsection (6)—\n(a) for the definition of “institution” substitute—\n““institution” means—\n(a) a credit institution, other than an entity mentioned in Article 2.5 of the capital requirements directive; or\n(b) an investment firm as defined in Article 4.1(2) of the capital requirements regulation that is subject to the initial capital requirement specified in rules made by a regulator for the purpose of implementing Article 28(2) of the capital requirements directive;”;\n(b) in the definition of “institution authorised in the UK”, for “an institution which is an authorised person and” substitute “an authorised person who is”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Part 9A of the Financial Services and Markets Act 2000 (consisting of sections 137A to 141A) was inserted by section 24(1) of the Financial Services Act 2012."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Subsection (6) was substituted by S.I. 2014/3348."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111179970/regulation/35",
    "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."
}