Regulation 33 Provision of services and performance of activities by third-country firms following an equivalence decision

(1) In Article 46 -

(a) in paragraph 1 -

(i) for "established throughout the Union" substitute "in the United Kingdom";

(ii) for "the meaning of Section I of Annex II to Directive 2014/65/EU", substitute "Part 2 of Schedule 1 to this Regulation";

(iii) for "ESMA" substitute "the FCA";

(b) in paragraph 2 -

(i) in the opening words -

(aa) for "ESMA" substitute "The FCA";

(bb) for "throughout the Union" substitute "in the United Kingdom";

(ii) in point (a), insert at the end "before IP completion day which has not been revoked before IP completion day, or the Treasury has adopted a decision in accordance with that Article on or after IP completion day,";

(iii) in point (b), for "Union" substitute "United Kingdom";

(c) omit paragraph 3;

(d) in paragraph 4 -

(i) in the first subparagraph -

(aa) for "ESMA" substitute "the FCA";

(bb) after "adoption", insert "before IP completion day";

(cc) after "determining", insert "or the making of regulations under that Article by the Treasury speci