Paragraph 3

(1)

Section 39A M1 (certain tied agents operating outside the United Kingdom) is amended as follows.

(2)

In subsection (6)—

(a)

for paragraph (c) M2 substitute—

“(c)
enters into a relevant contract with an agent who is not entered on—
(i)
the record maintained by the FCA by virtue of section 347(1)(ha), or
(ii)
the register of tied agents of another EEA State maintained pursuant to Article 29 of the markets in financial instruments directive,”; and

(b)

in paragraph (d) after “record” insert “ or register, ”.

(3)

In subsection (8)(a) for “Article 4.1.25” substitute “ Article 4.1.29 ”.

(4)

In subsection (9) in the definition of “competent authority” for “Article 4.1.22” substitute “ Article 4.1.26 ”.

Annotations

Marginal citations

M1: Section 39A was inserted by S.I. 2007/126.
M2: Paragraph (c) was amended by paragraph 6 of Schedule 18 to the Financial Services Act 2012.

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)