# Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Article 51: Transfer of MiFID functions


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.

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Source: https://www.legislation.gov.uk/eur/2014/600/article/51 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-600/article-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.