# The Securitisation (Amendment) (EU Exit) Regulations 2019, Regulation 5: Article 3 (selling of securitisations to retail clients)


In Article 3, in paragraph (1)—
(a) in the opening words for “point 11 of Article 4(1) of Directive 2014/65/EU” substitute “rule 3.4.1 of the Conduct of Business sourcebook of the FCA Handbook (retail clients)”; and
(b) in point (a) for “Article 25(2) of Directive 2014/65/EU” substitute “rules 9A.2.1 and 9A.2.16 of the Conduct of Business sourcebook of the FCA Handbook (assessing suitability to buy and hold an investment)”.

---
Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179024/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-securitisation-amendment-eu-exit-regulations-2019/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.