(1) The Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013 [S.I. 2013/419.] is amended as follows.

(2) In the title and in article 1(1) (citation) for "(Qualifying EU Provisions)" substitute "(Qualifying Provisions)".

(3) In article 1, after paragraph (2) [Article 1(2) was amended by S.I. 2013/1773, 2014/3348, 2015/1882, 2017/1127, 2018/134, 2018/135 and 2018/698.] (interpretation) insert -

"(3) In this Order a reference to a specific EU regulation is to be treated as a reference to that EU regulation as it has effect at the beginning of the day on which the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 are made (but see regulation 2 of the European Union (Withdrawal) Act 2018 (Consequential Modifications and Repeals and Revocations) Regulations 2019 [S.I. 2019/628.], which may further update the reference).

(4) In this Order a reference to any directly applicable regulation made under an EU directive ("the parent EU Directive") is a reference to -

(a) any EU regulation, originally made under the parent EU Directive, which is retained direct EU legislation,