# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 49: Section 184 (disregarded holdings)

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

In section 184 (disregarded holdings)—
(a) in subsection (4)—
(i) in paragraph (a) , for the words from “article 4.1.7” to “directive” substitute “ article 2.1.6 of the markets in financial instruments regulation ”;
(ii) for paragraph (b), substitute—
“(b) has a Part 4A permission to carry on one or more investment services and activities;”;
(b) in subsection (5), for “credit institution” substitute “ qualifying credit institution ”;
(c) in subsection (6)—
(i) in the opening words and in paragraph (b)), for “credit institution” substitute “ qualifying credit institution ”;
(ii) in paragraph (a)(ii), omit the words from “in accordance with” to the end;
(d) in subsection (7) , for “Article 2.1(b) of the UCITS Directive” substitute “ section 237(2) ”;
(e) in subsection (9A) , for the words from “Commission” to “financial instruments” substitute “ the market abuse regulation and the Commission Delegated Regulation (EU) No. 1052/2016 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to the regulatory technical standards for conditions applicable to buy-back programmes and stabilisation measures ”.

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Source: https://www.legislation.gov.uk/uksi/2019/632/regulation/49 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.