{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-178",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-178.json",
  "legislation": "uksi/2019/632",
  "legislation_title": "The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019",
  "path": "regulation/178",
  "kind": "regulation",
  "number": "178",
  "heading": "The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001",
  "text": "(1) The Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 are amended as follows.\n(2) In regulation 1 (citation, commencement and interpretation), in paragraph (2) omit the definitions of “EEA credit institution” and “EEA investment firm”.\n(3) In regulation 2 (descriptions of business for which appointed representatives are exempt)—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) in paragraph (1A) , for “a person who has a Part 4A permission for the purposes of the capital requirements directive or the markets in financial instruments directive, an EEA investment firm, or an EEA credit institution,” substitute “ a CRR firm, or a relevant investment firm or credit institution, ”;\n(c) for paragraph (1B) substitute—\n“(1B) In paragraph (1A)—\n“clients” has the meaning given in Article 2.1.7 of the markets in financial instruments regulation;\n“CRR firm” has the meaning given in Article 4.1.2A of the capital requirements regulation, except that it does not include an investment firm;\n“financial instruments” has the meaning given in Article 2.1.9 of the markets in financial instruments regulation;\n“relevant investment firm or credit institution” means a person falling within Article 1.2(a)(i) of the markets in financial instruments regulation.”.\n(4) In regulation 3 (requirements applying to contracts between authorised persons and appointed representatives)—\n(a) in paragraph (1) , for the words before “must” substitute “ It is a prescribed requirement for the purposes of section 39(1)(a)(ii) of the Act that a contract between a principal and a representative ”;\n(b) omit paragraph (1A) ;\n(c) in paragraph (6) —\n(i) in the words before sub-paragraph (a) omit “, except where paragraph (1A) applies,”;\n(ii) in sub-paragraph (a), for “Article 4.1.29 (definitions) of the markets in financial directive” substitute “ Part 3 of Schedule 2 to the Regulated Activities Order ”;\n(iii) in sub-paragraph (b), for “Article 4.1.43 of that directive” substitute “ Article 2.1.23 of the markets in financial instruments regulation ”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 178(3)(a) omitted (31.12.2020 immediately before IP completion day) by virtue of The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 57(3)(e)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2001/1217."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Regulation 1(2) was amended by S.I. 2003/1475, 2003/1476, 2004/453, 2006/2383, 2006/3414, 2013/3115 and 2017/488."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Regulation 2(1A) was inserted by S.I. 2006/3414 and amended by S.I. 2017/488 and 2017/701."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "Regulation 2(1B) was inserted by S.I. 2006/3414 and amended by S.I. 2017/701."
    },
    {
      "type": "M",
      "label": "M5",
      "text": "Regulation 3(1) was amended by S.I. 2006/3414."
    },
    {
      "type": "M",
      "label": "M6",
      "text": "Regulation 3(1A) was inserted by S.I. 2006/3414."
    },
    {
      "type": "M",
      "label": "M7",
      "text": "Regulation 3(6) was inserted by S.I. 2017/701."
    },
    {
      "type": "M",
      "label": "M8",
      "text": "S.I. 2001/544."
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 178 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/632/regulation/178",
    "retrieved_at": "2026-10-28T22:43:51.496494+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."
}