Paragraph 54 Amendments to Schedule 3 (EEA passport rights)

(1)

Schedule 3 (EEA passport rights) is amended as follows.

(2)

For paragraph 4C M1 substitute—

“(4C)
“The markets in financial instruments directive” means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.”.

(3)

In paragraph 11A M2 for “4.1.25” substitute “ 4.1.29 ”.

(4)

In paragraph 12(3) M3 after “5(a)”, insert “ or (b) ”.

(5)

In paragraph 14(1)(ba) M4 for “31.5” substitute “ 34.6 ”.

(6)

In paragraph 20(4BA) M5 for “31.6” substitute “ 34.7 ”.

(7)

In paragraph 20A M6—

(a)

after “investment firm” in both places, insert “ or UK credit institution ”; and

(b)

after sub-paragraph (2) insert—

“(3)
In this paragraph “UK credit institution” means a UK firm—
(a)
which is a credit institution; and
(b)
whose EEA right derives from the markets in financial instruments directive.”.

Annotations

Marginal citations

M1: Paragraph 4C was inserted by S.I. 2006/2975.
M2: Paragraph 11A was inserted by S.I. 2007/126.
M3: Paragraph 12(3) was inserted by S.I. 2007/126.
M4: Paragraph 14(1)(ba) was inserted by S.I. 2007/126 and amended by paragraph 3(2) of Schedule 4 to the Financial Services Act 2012.
M5: Paragraph 20(4BA) was inserted by S.I. 2007/126 and amended by paragraph 11(2) of Schedule 4 to the Financial Services Act 2012.
M6: Paragraph 20A was inserted by S.I. 2007/126.

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)