Paragraph 19 I1

United Kingdom

In regulation 41 (finance: exceptions from prohibitions)—

(a)

omit paragraph (6);

(b)

in paragraph (7), for the definition of “relevant institution” substitute—

““relevant institution”, in relation to the Territory, means a person domiciled in the Territory who would satisfy the threshold conditions for permission under Part 4A of the Financial Services and Markets Act 2000^f1 if it had its registered office (or if it does not have one, its head office) in the United Kingdom.”

(c)

omit paragraph (8).

Annotations

Commencement

I1: Sch. 2 para. 19 in force at 29.4.2021 at 5.00 p.m., see art. 1(1)

Footnotes

f1: 2000 c. 8. Part 4A was inserted by the Financial Services Act 2012 (c. 21), section 11(2); and most recently amended by S.I. 2019/632.