# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 90: Section 424A (meaning of “investment firm”)

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

(1) Section 424A (meaning of “investment firm”) is amended as follows.
(2) In subsection (1), for “Article 4.1.1 of the markets in financial instruments directive” substitute “ paragraph 2.1A of the markets in financial instruments regulation ”.
(3) In subsection (2), for “subsections (3) to (5)” substitute “ subsection (5) ”.
(4) Omit subsections (3) and (4).
(5) In subsection (5) , for paragraphs (a) and (b) substitute—
“(a) a person excluded from the definition of “investment firm” in Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) by paragraph (a) or (b) of that definition; or
(b) a firm which has a Part 4A permission to carry on regulated activities as an exempt investment firm within the meaning of regulation 8 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701).”.

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Source: https://www.legislation.gov.uk/uksi/2019/632/regulation/90 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.