Article 4 Qualifying provisions etc.: recognised investment exchanges, clearing houses and CSDsF20F21
United Kingdom
The instruments listed in paragraph (5) are specified directly applicable EU provisions for the purposes of section 296(1A) of the Act.
The instruments listed in paragraph (3) are specified directly applicable EU provisions for the purposes of section 297(2A)(c) of the Act.
The instruments are—
any directly applicable regulation made under the markets in financial instruments directive;
the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;
the emission allowance auctioning regulation;
the UK auctioning regulations;
the European market infrastructure regulation;
any directly applicable regulation made under the European market infrastructure regulation;
the CSD regulation and any directly applicable regulation made under that Regulation;
the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.
The instruments listed in paragraph (5) are specified F5qualifying provisions for the purposes of section 312E(2)(c) of the Act.
The instruments are—
any directly applicable regulation made under the markets in financial instruments directive;
the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;
the emission allowance auctioning regulation;
the UK auctioning regulations;
the European market infrastructure regulation;
any directly applicable regulation made under the European market infrastructure regulation;
the CSD regulation and any directly applicable regulation made under that Regulation;
the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.
The instruments listed in paragraph (7) are specified F10qualifying provisions for the purposes of section 312E(3)(c) of the Act.
The instruments are—
any directly applicable regulation made under the markets in financial instruments directive;
the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;
the European market infrastructure regulation;
any directly applicable regulation made under the European market infrastructure regulation;
the CSD regulation and any directly applicable regulation made under that Regulation;
the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.
The instruments listed in paragraph (9) are specified F14qualifying provisions for the purposes of paragraphs 14(2)(d) and 30(c) of Schedule 17A to the Act.
The instruments are—
the European market infrastructure regulation;
any directly applicable regulation made under the European market infrastructure regulation;
the CSD regulation and any directly applicable regulation made under that Regulation.
The market abuse regulation and any directly applicable regulation made under that Regulation are specified F17qualifying provisions for the purposes of sections 296(1A) and 297(2A)(c) of the Act.
The SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation are specified qualifying provisions for the purposes of paragraph 14(2)(d) of Schedule 17A to the Act.
The EU Benchmarks Regulation 2016 or any directly applicable regulation made under that Regulation are specified qualifying provisions for the purposes of sections 296(1A), 297(2A)(c) and 312E(2)(c).
Annotations
Textual amendments
- F1
Art. 4(3)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(4)(a) (with reg. 7)
- F2
Art. 4(3)(ba) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(5)(a)
- F3
Art. 4(3)(e) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(a)
- F4
Art. 4(3)(f) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(a)
- F5
Words in art. 4(4) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1)
- F6
Art. 4(5)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(4)(b) (with reg. 7)
- F7
Art. 4(5)(ba) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(5)(b)
- F8
Art. 4(5)(e) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(b)
- F9
Art. 4(5)(f) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(b)
- F10
Words in art. 4(6) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1)
- F11
Art. 4(7)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(4)(c) (with reg. 7)
- F12
Art. 4(7)(d) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(c)
- F13
Art. 4(7)(e) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(c)
- F14
Words in art. 4(8) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1)
- F15
Art. 4(9)(c) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(d)
- F16
Art. 4(10) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(3)
- F17
Words in art. 4(10)-(12) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1)
- F18
Art. 4(11) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(d)
- F19
Art. 4(12) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(5)
- F20
Words in art. 4 heading substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1)
- F21
Words in art. 4 heading substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 40 (with regs. 7(4), 9(1))
Notes on the whole SI
Textual amendments
- F1
Words in Title substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(2); 2020 c. 1, Sch. 5 para. 1(1)