# The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018, Regulation 46: Information to clients


(1) In Article 44—
(a) omit the sub-heading in brackets;
(b) in paragraph 4(e), for “that of the Member State in which the retail client or potential retail client is resident” substitute “pounds sterling”.
(2) In Article 45—
(a) omit the sub-heading in brackets;
(b) in paragraph 1, for “Directive 2014/65/EU” substitute “UK law on markets in financial instruments”;
(c) in paragraph 3—
(i) in point (a), for “Article 30(2) of Directive 2014/65/EU” substitute “rule 3.6.2 of the Conduct of Business sourcebook”;
(ii) in point (b), for “Section I of Annex II to Directive 2014/65/EU” substitute “Part 2 of Schedule 1 to Regulation (EU) No 600/2014”.
(3) In Article 46, omit the sub-heading in brackets.
(4) In Article 47—
(a) omit the sub-heading in brackets;
(b) in paragraph 1—
(i) in point (e), omit “specifying the Member State in which that agent is registered”;
(ii) in point (f), for “Article 25(6) of Directive 2014/65/EU” substitute “rules 9A.3.2 and 16A.2.1 of the Conduct of Business sourcebook”;
(iii) in point (g), for “a Member State” substitute “the United Kingdom”.
(5) In Article 48—
(a) omit the sub-heading in brackets;
(b) in paragraph 3, for “Directive 2003/71/EC” substitute “the law of the United Kingdom which was relied on by the United Kingdom immediately before exit day to implement Directive 2003/71/EC, as that law is amended from time to time”.
(6) In Article 49—
(a) omit the sub-heading in brackets;
(b) in paragraph 5, for “a Member State” substitute “the United Kingdom”.
(7) In Article 50—
(a) omit the sub-heading in brackets;
(b) in paragraph 1—
(i) in the first subparagraph, for “Article 24(4) of Directive 2014/65/EU” substitute “rule 6.1ZA.11 of the Conduct of Business sourcebook (“the relevant rule”)”;
(ii) in the second and third subparagraphs, for “Article 24(4) of Directive 2014/65/EU” substitute “the relevant rule”;
(c) in paragraph 5(b), omit “in accordance with relevant Union legislation”;
(d) in paragraph 6, omit “in accordance with relevant Union legislation”.
(8) In Article 51—
(a) in the heading, for “in accordance with Directive 2009/65/EU and Regulation (EU) No 1286/2014” substitute “in relation to units in collective investment undertakings or PRIIPs”;
(b) omit the sub-heading in brackets.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173480/regulation/46 (the official version)
Page: https://openlegislation.uk/draft-markets-in-financial-instruments-amendment-eu-exit-regulations-2018/regulation-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.