{
  "url": "https://openlegislation.uk/draft-financial-services-overseas-recognition-regime-designations-regulations-2025/regulation-2",
  "json_url": "https://openlegislation.uk/draft-financial-services-overseas-recognition-regime-designations-regulations-2025/regulation-2.json",
  "legislation": "ukdsi/2025/9780348273922",
  "legislation_title": "The Financial Services (Overseas Recognition Regime Designations) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-overseas-recognition-regime-designations-regulations-2025",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Overseas recognition regime designations",
  "text": "(1) For the purposes of these Regulations, an “overseas recognition regime designation” is a designation (however described) by the Treasury made under—\n(a) a provision listed in the Schedule, or\n(b) any other enactment which provides that the law and practice which applies in another country or territory in relation to a relevant area of law and practice—\n(i) is equivalent to, or\n(ii) has equivalent effect, taken as a whole, to,\nthe law and practice of the United Kingdom.\n(2) In paragraph (1)—\n(a) a reference to a relevant area of law and practice is to any such area that relates to financial services or markets (whether generally or in respect of particular matters);\n(b) “territory” includes the European Union and any other international organisation or authority comprising countries or territories.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348273922/regulation/2",
    "retrieved_at": "2026-10-30T14:38:48.512873+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."
}