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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
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Schedule 1 Amendments of Part 13 of the Act

Revoked from 29 August 2023

Regulation 3(1)

1. Part 13 of the Act (incoming firms: intervention by Authority) is amended as follows.

2. After section 194 of the Act (general grounds on which power of intervention is exercisable) insert -

"194A. Contravention by relevant EEA firm with UK branch of requirement under markets in financial instruments directive: Authority primarily responsible for securing compliance

(1) This section applies if -

(a) a relevant EEA firm has a branch in the United Kingdom; and

(b) the Authority ascertains that the firm has contravened, or is contravening, a requirement falling within subsection (3) (in a case to which Article 62.2 of the markets in financial instruments directive applies).

(2) "Relevant EEA firm" means an EEA firm falling within paragraph 5(a) or (b) of Schedule 3 which is exercising in the United Kingdom an EEA right deriving from the markets in financial instruments directive.

(3) A requirement falls within this subsection if it is imposed on the firm -

(a) by

Comparing proposed amendment...