{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-189",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-189.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/189",
  "kind": "regulation",
  "number": "189",
  "heading": "The Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013",
  "text": "(1) Article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 (dealing in investments as principal: designation by the PRA) is amended as follows.\n(2) In paragraph (2) —\n(a) at the end of sub-paragraph (a) insert “ or ”;\n(b) omit sub-paragraph (c) and the preceding “or”.\n(3) In paragraph (3) —\n(a) for sub-paragraph (a) substitute—\n“(a) is an investment firm that is required to have initial capital of 730,000 euro or would be required to do so if it had a Part 4A permission;”;\n(b) for sub-paragraph (c) substitute—\n“(c) is established in a country other than the United Kingdom but would meet the requirement specified in sub-paragraph (a) if P were established in the United Kingdom and had obtained the necessary authorisation in the United Kingdom for its business.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2013/556."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Article 3(2) was amended by S.I. 2017/701."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Article 3(3) was amended by S.I. 2013/3115."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "Paragraph (3)(a) was substituted by S.I. 2013/3115."
    },
    {
      "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. 189 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/189",
    "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."
}