# The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (revoked) S.I. 2007/126 · made 24 January 2007 · revised to 29 August 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2007-revoked/pdf/uksi_20070126_en.pdf; Explanatory Memorandum https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2007-revoked/pdf/uksiem_20070126_en.pdf ## Introductory text FINANCIAL SERVICES AND MARKETS Made 24th January 2007 Coming into force in accordance with regulation 1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: GENERAL ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Amendments of primary and secondary legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: PART IV PERMISSION: INVESTMENT FIRMS ## 4 General restriction on giving Part IV permission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4A Applications to be an exempt investment firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4B Limitation on exempt investment firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4C Requirements to be applied to exempt investment firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: TRANSITIONAL AND SAVING PROVISIONS ## 5 Transitional and saving provisions: market operators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Transitional and saving provisions: EEA firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6A Transitional provisions: EEA investment firms exercising passport rights under the investment services directive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Transitional provisions: UK investment firms exercising passport rights under the investment services directive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7A Transitional provision: investment research and financial analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Additional saving provision: UK investment firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Transitional provision: appointed representatives and tied agents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9A Transitional provision: exempt investment firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9B Transitional provision: operators of alternative trading systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9C Transitional provision for investment firms and credit institutions in relation to options, futures and contracts for differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9D Transitional provision for management companies in relation to options, futures and contracts for differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9E Transitional provision in relation to client classification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Interpretation of Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 1: AMENDMENTS OF PART 13 OF THE ACT ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 2: AMENDMENTS OF PART 18 OF THE ACT ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 3: PART 18A OF THE ACT ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 4: AMENDMENTS OF SCHEDULE 3 TO THE ACT ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 5: OTHER AMENDMENTS OF THE ACT ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Amendment of section 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Section 39A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Amendment of section 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Amendment of section 66(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Amendment of section 102B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Amendment of section 167 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Amendment of section 168 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Amendment of section 171 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Amendment of section 205 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Amendment of section 206 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Amendment of section 347 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Amendment of section 380 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Amendment of section 382 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Amendment of section 384 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Amendment of section 392 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Amendment of section 405 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Sections 412A and 412B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Amendment of section 417 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Amendment of section 422 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Amendment of section 424A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Amendment of section 425 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Amendment of Schedule 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Amendment of Schedule 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 6: CONSEQUENTIAL AMENDMENTS OF OTHER ENACTMENTS ### Part 1: AMENDMENTS OF PRIMARY LEGISLATION ## 1 Amendment of the Judicial Pensions Act (Northern Ireland) 1951 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Amendment of the County Courts Act (Northern Ireland) 1959 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Amendment of the Resident Magistrates' Pensions Act (Northern Ireland) 1960 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Amendment of the Superannuation Act 1972 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Amendment of the Consumer Credit Act 1974 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Amendment of the Judicial Pensions Act 1981 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Amendment of the Companies Act 1985 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Amendment of the Finance Act 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Amendment of the Building Societies Act 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Amendment of the Friendly Societies Act 1992 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Amendment of the Judicial Pensions and Retirement Act 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Amendment of the Data Protection Act 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Amendment of the Competition Act 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Part 2: AMENDMENTS OF SECONDARY LEGISLATION ## 14 Amendment of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Amendment of the Financial Services and Markets Act 2000 (Prescribed Markets and Qualifying Investments) Order 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Amendment of the Financial Services and Markets Act 2000 (Consultation with Competent Authorities) Regulations 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Amendment of the Insurers (Reorganisation and Winding Up) Regulations 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Amendment of the Credit Institutions (Reorganisation and Winding up) Regulations 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Amendment of the Financial Conglomerates and Other Financial Groups Regulations 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Amendment of the Investment Recommendation (Media) Regulations 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 7 EXERCISE OF PASSPORT RIGHTS UNDER THE INVESTMENT SERVICES DIRECTIVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 8 TRANSITIONAL PROVISION FOR PART IV PERMISSIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 9 TRANSITIONAL PROVISION IN RELATION TO CLIENT CLASSIFICATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2007/126 (the official version) Page: https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2007-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.