{
  "url": "https://openlegislation.uk/draft-markets-in-financial-instruments-amendment-eu-exit-regulations-2018/regulation-51",
  "json_url": "https://openlegislation.uk/draft-markets-in-financial-instruments-amendment-eu-exit-regulations-2018/regulation-51.json",
  "legislation": "ukdsi/2018/9780111173480",
  "legislation_title": "The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-markets-in-financial-instruments-amendment-eu-exit-regulations-2018",
  "path": "regulation/51",
  "kind": "regulation",
  "number": "51",
  "heading": "SME growth market",
  "text": "(1) In Article 77—\n(a) omit the sub-heading in brackets;\n(b) in paragraph 1, in the opening words, for “point (a) of Article 33(3) of Directive 2014/65/EU” substitute “rule 5.10.2(1) of the Market Conduct sourcebook”;\n(c) in paragraph 2, for “Article 4(1)(13) of Directive 2014/65/EU” substitute “regulation 2(1) of the Markets in Financial Instruments Regulations 2017”;\n(2) In Article 78—\n(a) omit the sub-heading in brackets;\n(b) in paragraph 1—\n(i) in the first sub-paragraph, for “point (a) of Article 33(3) of Directive 2014/65/EU, the competent authority of the home Member State of the operator of an MTF” substitute “rule 5.10.2(1) of the Market Conduct sourcebook, the FCA”;\n(ii) in the second sub-paragraph, for “points (b) to (g) of Article 33(3) of Directive 2014/65/EU, the competent authority” substitute “paragraphs (2) to (7) of rule 5.10.2 of the Market Conduct sourcebook, the FCA”;\n(c) in paragraph 2—\n(i) in the opening words, for “points (b), (c), (d) and (f) of Article 33(3) of Directive 2014/65/EU, the competent authority of the home Member State of the operator of an MTF” substitute “paragraphs (2), (3), (4) and (6) of rule 5.10.2 of the Market Conduct sourcebook, the FCA”;\n(ii) in point (c), after “in cases where” insert “the UK law implementing”;\n(iii) in point (h), after “in accordance with” insert “the UK law implementing”;\n(d) after paragraph 2, insert—\n“3. For the purposes of paragraph 2, “UK law implementing Directive 2003/71/EC” means the law of the United Kingdom or of any part 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 has been amended under the European Union (Withdrawal) Act 2018.”\n(3) In Article 79—\n(a) omit the sub-heading in brackets;\n(b) in paragraphs 1 and 2—\n(i) for “points (b) to (g) of Article 33(3) of Directive 2014/65/EU” substitute “paragraphs (2) to (7) of rule 5.10.2 of the Market Conduct sourcebook”;\n(ii) for “competent authority of its home Member State” substitute “FCA”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2017/701. The definition of “SME growth market” is inserted by regulation 5(1)(t) of these Regulations."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111173480/regulation/51",
    "retrieved_at": "2026-10-30T15:03:49.884760+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."
}