Section 27

Introduction

1 The Markets in Financial Instruments Regulation is amended as follows.

Scope

2 In Article 1 (subject matter and scope), after paragraph 4 insert -

"4A. Chapter 1 of Title 7 of this Regulation also applies to third-country firms providing investment services or performing investment activities in the United Kingdom."

Definitions

3 In Article 2(1) (definitions), after point (61) insert -

"(61A) "Directive 2013/36/EU" means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms;".

Provision of services by third-country firms following equivalence determination

4 In the heading of Title 8, for "DECISION" substitute "DETERMINATION".

5

(1) Article 46 (general provision about provision of services etc by third-country firms following an equivalence decision) is amended as follows.

(2) In paragraph 1, for "Article 47" substitute "Article 48".