Regulation 53 Section 190 (requests for further information)I1

United Kingdom

In section 190 (requests for further information) M1, in subsection (4)—

(a)

in paragraph (a) M2, for “European Union” substitute “ United Kingdom F1or Gibraltar ”;

(b)

for paragraph (b) M3, substitute—

“(b)
is not subject to supervision under the laws of the United Kingdom (or any part of the United Kingdom) F2or of Gibraltar relied on immediately before F3IP completion day to implement—
(i)
the UCITS directive;
(ii)
the Solvency 2 Directive;
(iii)
the markets in financial instruments directive; or
(iv)
the capital requirements directive,
including rules made by the appropriate regulator under this Act, in force on IP completion day , and, as amended from to time, in all other cases.”.

Annotations

Textual amendments

F1: Words in reg. 53(a) inserted (31.12.2020 immediately before IP completion day) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(3), 9(3)(a); 2020 c. 1, Sch. 5 para. 1(1)
F2: Words in reg. 53(b) inserted (31.12.2020 immediately before IP completion day) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(3), 9(3)(b); 2020 c. 1, Sch. 5 para. 1(1)
F3: Words in reg. 53(b) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(f)

Marginal citations

M1: Section 190 was substituted by S.I. 2009/534.
M2: Section 190(4)(a) was amended by S.I. 2011/1043.
M3: Section 190(4)(b) was substituted by S.I. 2015/575.

Commencement

I1: Reg. 53 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);