{
  "url": "https://openlegislation.uk/financial-services-miscellaneous-amendment-eu-exit-regulations-2019/schedule/paragraph-1",
  "json_url": "https://openlegislation.uk/financial-services-miscellaneous-amendment-eu-exit-regulations-2019/schedule/paragraph-1.json",
  "legislation": "uksi/2019/710",
  "legislation_title": "The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/financial-services-miscellaneous-amendment-eu-exit-regulations-2019",
  "path": "schedule/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": "Interpretation",
  "text": "(1) In this Schedule—\n“the 2001 Regulations” means the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001 ;\n“the 2001 Order” means the Financial Services and Markets Act 2000 (Control of Business Done at Lloyd's) Order 2001 ;\n“the Act” means the Financial Services and Markets Act 2000;\n“transitional insurance business transfer scheme” means an insurance business transfer scheme which satisfies both of the following conditions—\n(a)Condition 1 is that, before exit day, the relevant fee has been paid;\n(b)Condition 2 is that a person has, before IP completion day, been nominated or approved under section 109(2)(b) of the Act (nomination or approval of person to make scheme report by appropriate regulator) .\n(2) In Condition 1 of the definition of “transitional insurance business transfer scheme” in sub-paragraph (1) the “relevant fee” means the fee required to be paid by a person applying for an insurance business transfer scheme under Part 7 of the Act under any provision of the Fees Part of the rulebook made by the PRA under the Act in force immediately before IP completion day.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. para. 1(1) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 43(m)(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. para. 1(2) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 43(m)(ii)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2001/3625; as amended by S.I. 2007/3255, 2008/1467, 2009/1390, 2011/1265, 2013/472 and 2015/575."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "S.I. 2001/3626; as amended by S.I. 2008/1725, 2013/472, 2013/1765."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Section 109 was amended by paragraph 3 of Schedule 6 to the Financial Services Act 2012 (c. 21)."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. para. 1 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/710/schedule/paragraph/1",
    "retrieved_at": "2026-10-28T22:42:53.197186+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}