Regulation 66 Authorisations and registrations granted by the FCA prior to 27th February 2018

(1)

Regulations 61(1), 62(1) and 63(1) take effect subject to paragraphs (2) and (3).

(2)

A person who—

(a)

does not have a Part 4A permission; and

(b)

obtained an authorisation or registration from the FCA under Article 34 of the EU Benchmarks Regulation 2016 before 27th February 2018;

shall be deemed to have a Part 4A permission granted by the FCA on 27th February 2018 in relation to the activity specified in article 63S(1) of the RAO.

(3)

A person who—

(a)

has a Part 4A permission but not in relation to the activity specified in article 63S(1) of the RAO; and

(b)

obtained an authorisation or registration from the FCA under Article 34 of the EU Benchmarks Regulation 2016 before 27th February 2018;

shall be deemed to have their permission varied by the FCA on 27th February 2018 to include the activity specified in article 63S(1) of the RAO.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 68) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xxi)