Regulation 47 Reports and applicationsF4

United Kingdom

(1)

The FCA may direct the manner in which a person must—

F1(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

report to the FCA F2... the basis on which a person considers an activity F3... to be ancillary to that person's main business;

(c)

make an application for—

(i)

a waiver under Article 4 (waivers for equity instruments) of the markets in financial instruments regulation;

(ii)

an authorisation under Article 7 (authorisation of deferred publication) of the markets in financial instruments regulation;

(iii)

a waiver under Article 9 (waivers for non-equity instruments) of the markets in financial instruments regulation; and

(iv)

an authorisation under Article 11 (authorisation of deferred publication) of the markets in financial instruments regulation.

(2)

An application mentioned in paragraph (1)(c) must contain or be accompanied by such information as the FCA may reasonably require for the purpose of determining the application.

(3)

At any time after receiving an application mentioned in paragraph (1)(c) and before determining it the FCA may require the applicant to provide the FCA with such further information as the FCA reasonably considers necessary to enable the FCA to determine the application.

(4)

The FCA may give different directions, and may impose different requirements, in relation to different applications.

Annotations

Textual amendments

F1: Reg. 47(1)(a) omitted (1.1.2025) by virtue of The Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023 (S.I. 2023/548), arts. 1(2), 3(3)(b)
F2: Words in reg. 47(1)(b) omitted (1.1.2025) by virtue of The Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023 (S.I. 2023/548), arts. 1(2), 3(3)(c)(i)
F3: Words in reg. 47(1)(b) omitted (1.1.2025) by virtue of The Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023 (S.I. 2023/548), arts. 1(2), 3(3)(c)(ii)
F4: Reg. 47 heading substituted (1.1.2025) by The Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023 (S.I. 2023/548), arts. 1(2), 3(3)(a)

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 51) 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)(xviii)