{
  "url": "https://openlegislation.uk/draft-financial-services-miscellaneous-amendment-eu-exit-regulations-2019/schedule/paragraph-1",
  "json_url": "https://openlegislation.uk/draft-financial-services-miscellaneous-amendment-eu-exit-regulations-2019/schedule/paragraph-1.json",
  "legislation": "ukdsi/2019/9780111182116",
  "legislation_title": "The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-miscellaneous-amendment-eu-exit-regulations-2019",
  "path": "schedule/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": "Interpretation",
  "text": "(1) In this Schedule—\n“the 2001 Regulations” means the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001;\n“the 2001 Order” means the Financial Services and Markets Act 2000 (Control of Business Done at Lloyd’s) Order 2001;\n“the Act” means the Financial Services and Markets Act 2000;\n“transitional insurance business transfer scheme” means an insurance business transfer scheme which satisfies both of the following conditions—\n(a) Condition 1 is that, before exit day, the relevant fee has been paid;\n(b) Condition 2 is that a person has, before exit day, been nominated or approved under section 109(2)(b) of the Act (nomination or approval of person to make scheme report by appropriate regulator).\n(2) In Condition 1 of the definition of “transitional insurance business transfer scheme” in sub-paragraph (1) the “relevant fee” means the fee required to be paid by a person applying for an insurance business transfer scheme under Part 7 of the Act under any provision of the Fees Part of the rulebook made by the PRA under the Act in force immediately before exit day.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2001/3625; as amended by S.I. 2007/3255, 2008/1467, 2009/1390, 2011/1265, 2013/472 and 2015/575."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 2001/3626; as amended by S.I. 2008/1725, 2013/472, 2013/1765."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 109 was amended by paragraph 3 of Schedule 6 to the Financial Services Act 2012 (c. 21)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111182116/schedule/paragraph/1",
    "retrieved_at": "2026-10-30T15:00:15.988845+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."
}