OpenLegislation

Part 5 Other EU-derived legislationI1I2I3I4I5I6

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

EU-derived legislation not falling within Parts 1 to 3 so far as relating to financial services or markets (other than instruments excluded from this Part by regulations under section 1(5)).

For this purpose—

(a)

“EU-derived legislation” means—

(i)

F1assimilated direct legislation,

(ii)

subordinate legislation so far as it contains provision for the purpose of implementing, or otherwise in relation to, an EU directive or any other obligation that was created or arose by or under the EU Treaties before IP completion day,

(iii)

subordinate legislation made under section 3, or

(iv)

subordinate legislation made under the European Union (Withdrawal) Act 2018;

(b)

EU-derived legislation is to be taken as “relating” to financial services or markets if its purpose, or one of its main purposes, is for or in connection with the imposition of requirements on the provision of financial services or the operation of financial markets or exchanges.

Annotations

Textual amendments

F1

Words in Sch. 1 Pt. 5 substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 107(10)(c)

Commencement

I1

Sch. 1 Pt. 5 not in force at Royal Assent, see s. 86(3)

I2

Sch. 1 Pt. 5 in force at 1.1.2024 for specified purposes by S.I. 2023/1382, reg. 3(e), Sch. Pt. 4

I3

Sch. 1 Pt. 5 in force at 1.11.2024 for specified purposes by S.I. 2024/891, reg. 2(e)

I4

Sch. 1 Pt. 5 in force at 31.12.2024 for specified purposes by S.I. 2024/620, reg. 2(d) (with saving for Gibraltar groups and undertakings in S.I. 2024/1083, regs. 1(2)(b), 3)

I5

Sch. 1 Pt. 5 in force at 14.5.2025 for specified purposes by S.I. 2025/572, reg. 2(d)

I6

Sch. 1 Pt. 5 in force at 6.4.2026 for specified purposes by S.I. 2025/1078, reg. 7(e)

Notes on Schedule 1

Textual amendments

F1

Word in Sch. 1 heading substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 107(10)(a)