# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 191: The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014

Extent: E+W+S+N.I.

(1) The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014 is amended as follows.
(2) In article 1 (interpretation), in paragraph (3), after the definition of “securities” insert—
““UK account” has the meaning given in article 2(3)(ba);
“UK account holder” means the holder of a UK account;”.
(3) In article 2 (circumstances in which accepting a deposit is not a core activity)—
(a) in paragraph (2), in the words before sub-paragraph (a), after “in” insert “ a UK account or ”;
(b) in paragraph (3), after sub-paragraph (b) insert—
“(ba) an account is a UK account if it was opened at a branch of the UK deposit-taker located in the United Kingdom;”.
(4) In article 10 (declaration of eligibility: determining assets held by individual), in paragraph (5)(b), for the words from “Article 4.1(44)” to the end substitute “ Article 2.1(24) of the markets in financial instruments regulation ”.
(5) In article 14 (rules about information to be provided by a non ring-fenced body to individual account-holders), in paragraph (1)—
(a) in sub-paragraph (a), after “open” insert “ a UK account or ”;
(b) in sub-paragraph (b), at the beginning insert “ UK account holders or ”.

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Source: https://www.legislation.gov.uk/uksi/2019/632/regulation/191 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-191
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.