Article 4 Consequential amendments relating to the revocation of Commission Delegated Regulation (EU) 2017/592

(1)

Article 3 of the Regulated Activities Order is amended as follows.

(2)

In paragraph (1)—

(a)

in the definition “investment firm”^f1—

(i)

in paragraph (a), omit the words from “read with Commission Delegated Regulation (EU) 2017/592”^f2 to the end;

(ii)

in paragraph (b), omit “read with Commission Delegated Regulation (EU) 2017/592”;

(b)

in the definition “qualifying credit institution”^f3, in paragraph (d), omit the words “read with Commission Delegated Regulation (EU) 2017/592” to the end.

(3)

In paragraph (1A)^f4—

(a)

in paragraph (a), omit the words from “read with Commission Delegated Regulation (EU) 2017/592” to “business”;

(b)

in paragraph (b), omit “read with Commission Delegated Regulation (EU) 2017/592”.

Annotations

Footnotes

f1: The definition of “investment firm” was substituted by S.I. 2019/632 and amended by S.I. 2025/1020.
.
f2: EUR 2017/592. The regulation is revoked under section 1 of, and Part 3 of Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29).
f3: The definition of “qualifying credit institution” was inserted by S.I. 2019/632.
f4: Paragraph (1A) was inserted by S.I. 2019/632.