{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2006/schedule-4/paragraph-7",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2006/schedule-4/paragraph-7.json",
  "legislation": "ukdsi/2006/0110755529",
  "legislation_title": "The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2006",
  "path": "schedule/4/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "In paragraph 12, after sub-paragraph (2), insert—\n“(3) If an EEA firm falling within paragraph 5(a) is seeking to use a tied agent established in the United Kingdom in connection with the exercise of an EEA right deriving from the markets in financial instruments directive, this Part of this Schedule applies as if the firm were seeking to establish a branch in the United Kingdom.\n(4) But if—\n(a) an EEA firm already qualifies for authorisation by virtue of sub-paragraph (1); and\n(b) the EEA right which it is exercising derives from the markets in financial instruments directive,\nsub-paragraph (3) does not require the firm to satisfy the establishment conditions in respect of its use of the tied agent in question. ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2006/0110755529/schedule/4/paragraph/7",
    "retrieved_at": "2026-10-30T15:20:31.857832+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."
}