Paragraph 21

(1)

Section 195A M1 (contravention by relevant EEA firm etc of directive requirements: home state regulator primarily responsible for securing compliance) is amended as follows.

(2)

In subsection (1)(a) M2 for “62.1 or 62.3” substitute “ 86.1 or 86.3 ”.

(3)

In subsection (2), insert—

(a)

at the end of paragraph (a) omit “or”;

(b)

after paragraph (a) insert—

“(aa)
by or under any provision of the markets in financial instruments regulation; or”; and

(c)

in paragraph (b)—

(i)

for “Community” substitute “ EU ”; and

(ii)

after “directive” insert “ or the markets in financial instruments regulation ”.

Annotations

Marginal citations

M1: Section 195A was inserted by S.I. 2007/126 and amended by S.I. 2011/1613.
M2: Subsection (1) was amended by paragraph 35(2) of Schedule 4 to the Financial Services Act 2012; there are other amendments but none is relevant.

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)