OpenLegislation

Regulation 35 Final provisions

Original text. Later amendments are not shown.

(1)

Omit Article 52.

(2)

In Article 54—

(a)

in paragraph 1—

(i)

for “Member States” substitute “the United Kingdom”;

(ii)

for “national regimes” substitute “FSMA”;

(iii)

after “the Commission” insert “before exit day”;

(iv)

after “Article 47” insert “or after the Treasury have made regulations under that Article after exit day”;

(b)

omit paragraph 2.

(3)

The omission of Article 54(2) does not affect any transitional period approved by a competent authority before exit day (and for these purposes, “competent authority” includes an authority designated by an EEA state in accordance with Article 67 of Directive 2014/65/EU).

(4)

In Article 55, omit the fourth subparagraphs.

(5)

Omit “This Regulation shall be binding in its entirely and directly applicable in all Member States” following Article 55.