# The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019, Regulation 6: Amendments of Part 18, Chapter 1A: Control over recognised investment exchange


(1) Chapter 1A (control over recognised investment exchange) is amended as follows.
(2) In section 301E (disregarded holdings)—
(a) in subsection (4)—
(i) in paragraph (a), for “article 4.1.7 of the markets in financial instruments directive” substitute “Article 2(1)(6) of the markets in financial instruments regulation”;
(ii) for paragraph (b) substitute—
“(b) has a Part 4A permission to carry on a regulated activity which is any of the investment services or activities; and”;
(b) in subsection (5), for “credit institution” substitute “qualifying credit institution”;
(c) in subsection (6)—
(i) in the opening words and in paragraph (b), for “credit institution” substitute “qualifying credit institution;
(ii) in paragraph (a), in sub-paragraph (ii), omit the words from “in accordance with” to “directive”;
(d) in subsection (7), for “Article 2.1(b) of the UCITS directive” substitute “section 237(2)”.
(3) In section 301M (interpretation of Chapter 1A of Part 18), in subsection (1) omit the definition of “credit institution”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111178683/regulation/6 (the official version)
Page: https://openlegislation.uk/draft-investment-exchanges-clearing-houses-and-central-securities-depositories-amendment-eu-exit-regulations-2019/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.