# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 56: Section 191G (interpretation of Part 12)

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

In section 191G (interpretation), in subsection (1)—
(a) omit the definition of “credit institution”;
(b) in the definition of “UK authorised person”, in paragraph (b), after “Schedule 5” insert “ , or a person treated as having a Part 4A permission to carry on a regulated activity by virtue of regulation 71 of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 ” .
(c) in the appropriate place, insert—
““qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before IP completion day to implement the capital requirements directive.”

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Source: https://www.legislation.gov.uk/uksi/2019/632/regulation/56 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.