# The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019, Regulation 2: The Financial Services and Markets Acts 2000


(1) The Financial Services and Markets Act 2000 is amended as follows.
(2) In section 347 (the record of authorised persons etc)—
(a) in subsection (2A)—
(i) at the end of paragraph (a) insert “and”;
(ii) at the end of paragraph (b)(ii) omit “and”;
(iii) omit paragraph (c);
(b) in subsection (3A), for the words from “result” to “power” substitute “result of a cancellation of that person’s Part 4A permission under section 55J because one or more of the conditions in section 55K(1)(b) to (d) was met, the power”;
(c) in subsection (8A) omit the definition of “exempt investment firm”.
(3) In section 349 (exceptions from section 348)—
(a) in subsection (3A)—
(i) in paragraph (a) for “a recipient to which subsection (3B) applies” substitute “the Panel on Takeovers and Mergers”;
(ii) in paragraph (b) for “a recipient to which subsection (3B) applies” substitute “the Panel on Takeovers and Mergers”;
(b) omit subsection (3B);
(c) omit subsection (5)(b);
(d) in subsection (5)(c), after “similar functions” insert “to those referred to in paragraph (a)”.
(4) In section 353A (information received from the Bank of England) omit subsection (6)(d).
(5) In section 354A (FCA’s duty to co-operate with others)—
(i) omit subsection (3)(b);
(ii) in subsection 3(c) omit “other”.
(6) Omit sections 354D (information under the markets in financial instruments directive) to 354H (information under the Insurance Distribution Directive).

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111178942/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-public-record-disclosure-of-information-and-co-operation-financial-services-amendment-eu-exit-regulations-2019/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.