{
  "url": "https://openlegislation.uk/eea-passport-rights-amendment-etc-and-transitional-provisions-eu-exit-regulations-2018/regulation-49",
  "json_url": "https://openlegislation.uk/eea-passport-rights-amendment-etc-and-transitional-provisions-eu-exit-regulations-2018/regulation-49.json",
  "legislation": "uksi/2018/1149",
  "legislation_title": "The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/eea-passport-rights-amendment-etc-and-transitional-provisions-eu-exit-regulations-2018",
  "path": "regulation/49",
  "kind": "regulation",
  "number": "49",
  "heading": "Conditions to be satisfied for regulation 47 to apply: persons who cease to be authorised on IP completion day",
  "text": "The conditions are that the person is one—\n(a) who, immediately before IP completion day—\n(i) is authorised to carry on a regulated activity in the United Kingdom by virtue of section 31(1)(b) or (c) of the 2000 Act, and\n(ii) is carrying on such an activity or, subject to paragraph (3), providing a payment service in the United Kingdom other than through an establishment in the United Kingdom,\n(aa) who is not a Gibraltar firm,\n(b) who, on IP completion day, is not authorised to carry on a regulated activity by virtue of section 31(1)(a) of the 2000 Act, and\n(c) to whom regulation 8 does not apply.\n(2) In this regulation, reference to carrying on a regulated activity at a particular time includes where the performance of a pre-existing contract requires, or may require, a regulated activity to be carried on at another time.\n(3) The reference to providing a payment service in paragraph (a)(ii) applies only to a credit institution which was providing the service in the United Kingdom immediately before IP completion day in accordance with the exercise of an EEA passport right under Title 5 of Directive 2013/36/EU as in force immediately before IP completion day.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 7 inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 3"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 49 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 6(2)(y)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 49(a)(ii) inserted (6.9.2019) by The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212), regs. 1(2), 6(5)(a)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Reg. 49(aa) inserted (16.3.2019) by The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/589), regs. 1(2), 11(8)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Reg. 49(3) inserted (6.9.2019) by The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212), regs. 1(2), 6(5)(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in reg. 49 heading substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 6(2)(y)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/1149/regulation/49",
    "retrieved_at": "2026-10-28T22:52:33.942728+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."
}