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Article 51 Transfer of MiFID functionsF1F2

Original text. Later amendments are not shown.

1.

The Treasury may make regulations for the purposes specified in Part 1 of Schedule 3 to this Regulation.

2.

The FCA may make technical standards for the purposes set out in Part 2 of Schedule 3 to this Regulation.

3.

The FCA may make technical standards for the purposes set out in Part 3 of Schedule 3 to this Regulation applying to authorised persons who are not PRA-authorised persons.

4.

The PRA may make technical standards for the purposes set out in Part 3 of Schedule 3 to this Regulation applying to authorised persons who are PRA-authorised persons.

5.

For the purposes of this Article—

  • “authorised persons” has the meaning given in section 31(2) of FSMA;

  • “PRA-authorised person” has the meaning given in section 2B(5) of FSMA.

Annotations

Textual amendments

F1

Regulation revoked (5.4.2024 for the revocation of Sch. 3 paras. 17, 34-39, 1.12.2025 for the revocation of Art. 18b, 30.3.2026 for the revocation of Arts. 4, 4a) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 1 (with s. 1(4)); S.I. 2023/1382, reg. 4(b); S.I. 2025/1078, regs. 4(b), 6(b)

F2

Title 9 substituted (31.12.2020) by The Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1403), regs. 1(3), 34 (as amended by S.I. 2019/710, regs. 1(2), 16(16)) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

Notes on Title IX

Textual amendments

F3

Word in Title 9 heading inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 10 para. 10; S.I. 2021/739, reg. 3(o)