# The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019, Paragraph 1: Interpretation

Extent: E+W+S+N.I.

(1) In this Schedule—
“the 2001 Regulations” means the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001 ;
“the 2001 Order” means the Financial Services and Markets Act 2000 (Control of Business Done at Lloyd's) Order 2001 ;
“the Act” means the Financial Services and Markets Act 2000;
“transitional insurance business transfer scheme” means an insurance business transfer scheme which satisfies both of the following conditions—
(a)Condition 1 is that, before exit day, the relevant fee has been paid;
(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) .
(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.

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Source: https://www.legislation.gov.uk/uksi/2019/710/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/financial-services-miscellaneous-amendment-eu-exit-regulations-2019/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.