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Statutory Instruments

2013 No. 419

Financial Services And Markets

The Financial Services and Markets Act 2000 [F1(Qualifying Provisions)F1] Order 2013cross-notes

Made

26th February 2013

Laid before Parliament

27th February 2013

Coming into force

1st April 2013

M1,M2The Treasury, in the exercise of the powers conferred on them by the following sections of the Financial Services and Markets Act 2000 : 1A(6)(d); 1L(2)(b); 2A(6)(d); 39(4)(b); 66(2)(b), (2A)(b); 168(4)(k); 204A(2), (4); 293A; 296(1A), 297(2A)(c); 312E(2), (3); 380(6)(a), (9); 382(9)(a), (12); 384(7)(a), (10); and paragraph 23(2) of Schedule 1ZA, paragraph 31(2) of Schedule 1ZB and paragraphs 14(2)(d), 26(2)(c), 30(c) and 36(2)(b) of Schedule 17A to that Act make this Order.

Citation, commencement and interpretation

1.—(1) This Order may be cited as the Financial Services and Markets Act 2000[F2 (Qualifying Provisions)F2] Order 2013 and comes into force on 1st April 2013.

(2) For the purposes of this Order—

“ the Act ” means the Financial Services and Markets Act 2000 ;

F3...

[F4 “ the EU Benchmarks Regulation 2016 ” means Regulation EU 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 ; F4]

F5...

F6...

“ the European market infrastructure regulation ” means Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories M3[F7 ;

“ EuSEF Regulation ” means Regulation ( EU ) No 346/2013 of the European Parliament and the Council of 17 April 2013 on European social entrepreneurship funds [F8 as amended by Regulation (EU) No 2017/1991 of the European Parliament and of the Council of 25 October 2017 amending Regulation (EU) No 345/2013 on European venture capital funds and Regulation (EU) No 346/2013 on European social entrepreneurship funds F8] ;

“ EuVECA Regulation ” means Regulation ( EU ) No 345/2013 of the European Parliament and the Council of 17 April 2013 on European venture capital funds [F9 as amended by Regulation (EU) No 2017/1991 of the European Parliament and of the Council of 25 October 2017 amending Regulation (EU) No 345/2013 on European venture capital funds and Regulation (EU) No 346/2013 on European social entrepreneurship funds F9,F7]] ;

[F10 “ markets in financial instruments regulation ” means Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 ; F10]

[F11 “MMF Regulation” means Regulation ( EU ) No 2017/1131 of the European Parliament and of the Council of 14th June 2017 on Money Market Funds; F11]

[F12 “ PRIIPs regulation ” means Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products ; F12]

[F13recovery and resolution directive” means Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firmsF13] ;

[F14 “UK auctioning regulations” means the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 ; F14]

[F15 (3) Any reference in this Order to an EU Regulation, or part of an EU Regulation, is to be read as a reference to that EU Regulation, or that part of that EU Regulation, as amended from time to time.F15]

[F16 (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 dfnthe parent EU Directive, which is [F17 assimilated directF17] legislation,

(b)any technical standards made in relation to dfnthe parent EU Directive in accordance with Chapter 2A of Part 9A of the Act, and

(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) which is made under a power substituted for a power of an EU entity to make a directly applicable regulation under dfnthe parent EU Directive by regulations made under section 8 of the European Union (Withdrawal) Act 2018.

(5) [F18 Subject to paragraph (5A), in F18] this Order a reference to any directly applicable regulation (or EU regulation) made under an EU regulation (“the parent Regulation”) is a reference to—

(a)any EU regulation, originally made under the parent Regulation, which is [F19 assimilated directF19] legislation;

(b)technical standards made in relation to the parent Regulation in accordance with Chapter 2A of Part 9A of the Act, and

(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) which is made under a power substituted for a power of an EU entity to make a directly applicable regulation under the parent Regulation by regulations made under section 8 of the European Union (Withdrawal) Act 2018.

(5A) In this Order a reference to any directly applicable regulation (or EU regulation) made under [F20 the PRIIPs regulation, F20] the markets in financial instruments regulation or the European market infrastructure regulation (“ the parent Regulation ”) is a reference to—

(a)any EU regulation, originally made under the parent Regulation, which is [F21 assimilated directF21] legislation;

(b)technical standards made in relation to the parent Regulation in accordance with Chapter 2A of Part 9A of the Act;

(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) which is made under a power substituted for a power of an EU entity to make a directly applicable regulation under the parent Regulation by regulations made under section 8 of the European Union (Withdrawal) Act 2018, and

(d)rules made under the parent Regulation.

(6) In this Order a reference to any directly applicable regulation made under Article 4(9) or 4(10) of the SFT Regulation is a reference to—

(a)any EU regulation, originally made under those Articles, which is [F22 assimilated directF22] legislation;

(b)technical standards made in relation to those Articles in accordance with Chapter 2A of Part 9A of the Act, and

(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) which is made under a power substituted for a power of an EU entity to make a directly applicable regulation under those Articles by regulations made under section 8 of the European Union (Withdrawal) Act 2018.

(7) In articles 2(2)(m), 3(2)(p) and (3)(n), 5(2)(p) and (5)(o) and 6(2)(r) the reference to any directly applicable decision made under an EU regulation is a reference to—

(a)a decision made under that regulation which is [F23 assimilated directF23] legislation, and

(b)any subordinate legislation (within the meaning of the Interpretation Act 1978) which is made under a power substituted for a power of an EU entity to make a directly applicable decision under that regulation by regulations made under section 8 of the European Union (Withdrawal) Act 2018.F16]

[F24Qualifying provisionsF24] : general

2.—(1) The instruments listed in paragraph (2) are specified[F25 qualifying provisionsF25] for the purposes of sections 1A(6)(d), 1L(2)(b), 39(4)(b), [F2666A(4)(b)F26] and 168(4)(k) of the Act.

(2) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F27 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F27]

(b)any directly applicable regulation made under the UCITS directive;

[F28 (ba)any directly applicable regulation made under the alternative investment fund managers directive;F28]

(c)the emission allowance auctioning regulation;

[F29 (ca)the UK auctioning regulations;F29]

(d)the European market infrastructure regulation;

(e)any directly applicable regulation made under the European market infrastructure regulation;

[F30 (f)the EuSEF Regulation and any directly applicable regulation made under that Regulation;

(g)the EuVECA Regulation and any directly applicable regulation made under that RegulationF30] ;

[F31 (h)the CSD regulation and any directly applicable regulation made under that RegulationF31] ;

F32(i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F33 (j)the market abuse regulation and any directly applicable regulation made under that RegulationF33] ;

(k)[F34 the PRIIPs regulation and any directly applicable regulation made under that Regulation;F34]

F35(l). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F36 (m)the MMF Regulation and any directly applicable regulation or decision made under that RegulationF36] ;

F37(n). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) The instruments listed in paragraph (4) are also specified[F38 qualifying provisionsF38] for the purposes of sections 1A(6)(d), 1L(2)(b) and 168(4)(k) of the Act.

(4) The instruments are—

[F39 (a)the short selling regulation;F39]

[F40 (b)any directly applicable regulation made under the short selling regulation;F40]

[F41 (c)any directly applicable regulation made under the recovery and resolution directive.F41]

[F42 (4A) The SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation are specified [F43 qualifying provisionsF43] for the purposes of sections 1A(6)(d), 1L(2)(b) and 168(4)(k) of the Act.F42]

(5) The instruments listed in paragraph (6) are specified[F44 qualifying provisionsF44] for the purposes of sections [F452AB(3)(d)F45] and [F4666B(4)(b)F46] of the Act.

(6) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F47 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F47]

(b)the European market infrastructure regulation;

(c)any directly applicable regulation made under the European market infrastructure regulation;

[F48 (d)the CSD regulation and any directly applicable regulation made under that RegulationF48] ;

[F49 (e)any directly applicable regulation made under the recovery and resolution directiveF49] ;

F50(f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7) The instruments listed in paragraph (8) are specified[F51 qualifying provisionsF51] for the purposes of section 293A of the Act.

(8) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F52 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F52]

(b)the emission allowance auctioning regulation;

[F53 (ba)the UK auctioning regulations;F53]

(c)the European market infrastructure regulation;

(d)any directly applicable regulation made under the European market infrastructure regulation;

[F54 (e)the CSD regulation and any directly applicable regulation made under that RegulationF54] ;

[F55 (f)the market abuse regulation and any directly applicable regulation made under that RegulationF55] ;

[F56 (g)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.F56]

[F57 (9) Directly applicable regulations made under the recovery and resolution directive are specified [F58 qualifying provisionsF58] for the purpose of sections [F59 66B(4)(b)F59] and 192K(1)(c) of the Act.F57]

[F60 (10) The market abuse regulation and any directly applicable regulation made under that Regulation are specified [F58 qualifying provisionsF58] for the purposes of section [F61 66A(4)(b)F61] of the Act.F60]

[F62 (11) Directly applicable regulations made under the Solvency 2 Directive are specified [F58 qualifying provisionsF58] for the purposes of sections 2A(6)(d), 39(4)(b), 66B(4)(b) and 168(4)(k) of the Act.F62]

[F63 (12) The EU Benchmarks Regulation 2016 is a specified [F64 qualifying provisionF64] for the purpose of section 1A(6)(d) of the Act.

(13) The EU Benchmarks Regulation 2016 and any directly applicable regulation made under the EU Benchmarks Regulation 2016 is a specified [F65 qualifying provisionF65] for the purposes of sections 1L(2)(b), 39(4)(b), 66A(4)(b), 168(4)(k), 192K(1)(c) and 293A of the Act.F63]

F66(14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F67Qualifying provisionsF67] : disciplinary measures

3.—(1) The instruments listed in paragraph (2) are specified[F68 qualifying provisionsF68] for the purposes of section 204A(2) of the Act.

(2) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F69 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation [F70 , except for Title VIII (Provision of services and performance of activities by third-country firms following an equivalence determination with or without a branch) and any directly applicable EU regulation made under that titleF70] ;F69]

(b)any directly applicable regulation made under the UCITS directive;

[F71 (ba)any directly applicable regulation made under the alternative investment fund managers directive;F71]

(c)the emission allowance auctioning regulation;

[F72 (ca)the UK auctioning regulations;F72]

(d)the European market infrastructure regulation;

(e)any directly applicable regulation made under the European market infrastructure regulation;

[F73 (f)the EuSEF Regulation and any directly applicable regulation made under that Regulation;

(g)the EuVECA Regulation and any directly applicable regulation made under that RegulationF73] ;

[F74 (h)the CSD regulation and any directly applicable regulation made under that RegulationF74] ;

[F75 (i)any directly applicable regulation made under the recovery and resolution directiveF75] ;

F76(j). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F77 (k)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulationF77] ;

[F78 (l)any directly applicable regulation made under the Solvency 2 DirectiveF78][F79 ;

(m)[F80 the PRIIPs regulation and any directly applicable regulation made under that Regulation;F80]

[F81 (n)the EU Benchmarks Regulation 2016 and any directly applicable regulation made under the EU Benchmarks Regulation 2016F81] ;

F82(o). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F83 (p)the MMF Regulation and any directly applicable regulation or decision made under that RegulationF83] ;

F84(q). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) The appropriate regulator for the purposes of each provision in Part 14 of the Act in relation to the [F85 qualifying provisionsF85] specified by paragraph (1) is—

(a)in relation to a contravention of a requirement imposed by a directly applicable regulation made under the markets in financial instruments directive [F86 or the markets in financial instruments regulationF86] —

(i)if the authorised person concerned is a PRA-authorised person, either the PRA or the FCA;

(ii)in any other case, the FCA;

(b)in relation to a contravention of a requirement imposed by the emission allowance auctioning regulation [F87 , the UK auctioning regulationsF87] or any directly applicable regulation made under the UCITS directive [F88 or the alternative investment fund managers directiveF88] , the FCA;

(c)in relation to a contravention of a requirement imposed by the European market infrastructure regulation—

(i)if the authorised person concerned is a PRA-authorised person, either the PRA or the FCA;

(ii)in any other case, the FCA;

(d)in relation to a contravention of a requirement imposed by any directly applicable regulation made under the European market infrastructure regulation, the FCA;

[F89 (e)in relation to a contravention of a requirement imposed by the EuSEF Regulation, the EuVECA Regulation or any directly applicable regulation made under either the EuSEF Regulation or the EuVECA Regulation, the FCAF89] ;

[F90 (f)in relation to a contravention of a requirement imposed by the CSD regulation or any directly applicable regulation made under the CSD regulation—

(i)if the authorised person concerned is a PRA-authorised person, either the PRA or the FCA;

(ii)in any other case, the FCAF90] ;

[F91 (g)in relation to a contravention of a requirement imposed by any directly applicable regulation made under the recovery and resolution directive—

(i)if the authorised person concerned is a PRA-authorised person, either the PRA or the FCA;

(ii)in any other case, the FCAF91] ;

F92(h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F93 (i)in relation to a contravention of a requirement imposed by the SFT regulation or any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation, the FCAF93] ;

[F94 (j)in relation to a contravention of a requirement imposed by a directly applicable regulation made under the Solvency 2 Directive, the PRAF94] ;

(k)[F95 in relation to a contravention of a requirement imposed by the PRIIPs regulation or any directly applicable regulation made under that Regulation, the FCA;F95]

[F96 (l)in relation to a contravention of a requirement imposed by the EU Benchmarks Regulation 2016 or of any directly applicable regulation made under that Regulation, the FCAF96] ;

F97(m). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F98 (n)in relation to a contravention of a requirement imposed by the MMF Regulation or any directly applicable regulation or decision made under that Regulation, the FCAF98] ;

F99(o). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F79]

[F100Qualifying provisionsF100] etc.: recognised investment exchanges [F101, clearing houses and CSDsF101]

4.—(1) The instruments listed in paragraph (5) are specified directly applicable EU provisions for the purposes of section 296(1A) of the Act.

(2) The instruments listed in paragraph (3) are specified directly applicable EU provisions for the purposes of section 297(2A)(c) of the Act.

(3) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F102 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F102]

(b)the emission allowance auctioning regulation;

[F103 (ba)the UK auctioning regulations;F103]

(c)the European market infrastructure regulation;

(d)any directly applicable regulation made under the European market infrastructure regulation;

[F104 (e)the CSD regulation and any directly applicable regulation made under that RegulationF104] ;

[F105 (f)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.F105]

(4) The instruments listed in paragraph (5) are specified[F106 qualifying provisionsF106] for the purposes of section 312E(2)(c) of the Act.

(5) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F107 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F107]

(b)the emission allowance auctioning regulation;

[F108 (ba)the UK auctioning regulations;F108]

(c)the European market infrastructure regulation;

(d)any directly applicable regulation made under the European market infrastructure regulation;

[F109 (e)the CSD regulation and any directly applicable regulation made under that RegulationF109] ;

[F110 (f)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.F110]

(6) The instruments listed in paragraph (7) are specified[F111 qualifying provisionsF111] for the purposes of section 312E(3)(c) of the Act.

(7) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F112 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F112]

(b)the European market infrastructure regulation;

(c)any directly applicable regulation made under the European market infrastructure regulation;

[F113 (d)the CSD regulation and any directly applicable regulation made under that RegulationF113] ;

[F114 (e)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.F114]

(8) The instruments listed in paragraph (9) are specified[F115 qualifying provisionsF115] for the purposes of paragraphs 14(2)(d) and 30(c) of Schedule 17A to the Act.

(9) The instruments are—

(a)the European market infrastructure regulation;

(b)any directly applicable regulation made under the European market infrastructure regulation;

[F116 (c)the CSD regulation and any directly applicable regulation made under that Regulation.F116]

[F117 (10) The market abuse regulation and any directly applicable regulation made under that Regulation are specified [F118 qualifying provisionsF118] for the purposes of sections 296(1A) and 297(2A)(c) of the Act.F117]

[F119 (11) The SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation are specified [F118 qualifying provisionsF118] for the purposes of paragraph 14(2)(d) of Schedule 17A to the Act.F119]

[F120 (12) The EU Benchmarks Regulation 2016 or any directly applicable regulation made under that Regulation are specified [F118 qualifying provisionsF118] for the purposes of sections 296(1A), 297(2A)(c) and 312E(2)(c).F120]

[F121Qualifying provisionsF121] : injunctions and restitution

5.—(1) The instruments listed in paragraph (2) are specified[F122 qualifying provisionsF122] for the purposes of sections 380(6)(a), 382(9)(a) and 384(7)(a) of the Act.

(2) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F123 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation [F124 , except for Title VIII (Provision of services and performance of activities by third-country firms following an equivalence determination with or without a branch) and any directly applicable EU regulation made under that titleF124] ;F123]

(b)any directly applicable regulation made under the UCITS directive;

[F125 (ba)any directly applicable regulation made under the alternative investment fund managers directive;F125]

(c)the emission allowance auctioning regulation [F126, except for Article 38 (prohibition of insider dealing), Article 39 (other prohibited uses of inside information) and Article 41 (prohibition of market manipulation) of that regulationF126] ;

[F127 (ca)the UK auctioning regulations;F127]

(d)the European market infrastructure regulation;

(e)any directly applicable regulation made under the European market infrastructure regulation;

[F128 (f)the EuSEF Regulation and any directly applicable regulation made under that Regulation;

(g)the EuVECA Regulation and any directly applicable regulation made under that RegulationF128] ;

[F129 (h)the CSD regulation and any directly applicable regulation made under that RegulationF129] ;

[F130 (i)any directly applicable regulation made under the recovery and resolution directiveF130] ;

F131(j). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F132 (k)the market abuse regulation and any directly applicable regulation made under that Regulation, except for Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) and Article 15 (prohibition of market manipulation) of the market abuse regulationF132] ;

[F133 (l)any directly applicable regulation made under the Solvency 2 DirectiveF133] ;

[F134 (m)the PRIIPs regulation and any directly applicable regulation made under that Regulation;F134]

[F135 (n)the EU Benchmarks Regulation 2016 and any directly applicable measure made under that RegulationF135] ;

F136(o). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F137 (p)the MMF Regulation and any directly applicable regulation or decision made under itF137] ;

F138(q). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F139(r). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F140 (3) The instruments listed in paragraph (4) are also specified [F141 qualifying EU provisionsF141] for the purposes of section 380(6)(a) and 382(9)(a) of the Act.F140]

[F142 (4) The instruments are—

(a)the short selling regulation;

(b)any directly applicable regulation made under the short selling regulation.F142]

[F143 (4A) The SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation are specified [F144 qualifying provisionsF144] for the purposes of section 380(6)(a) of the Act.F143]

(5) The appropriate regulator for the purposes of sections 380, 382 and 384 of the Act is—

(a)in relation to a contravention of a requirement imposed by a directly applicable regulation made under the markets in financial instruments directive[F145 or the markets in financial instruments regulationF145] —

(i)if the authorised person concerned is a PRA-authorised person, the PRA or the FCA;

(ii)in any other case, the FCA;

(b)in relation to a contravention of the emission allowance auctioning regulation [F146, the UK auctioning regulationsF146] or any directly applicable regulation made under the UCITS directive[F147 or the alternative investment fund managers directiveF147] , the FCA;

(c)in relation to a contravention of the European market infrastructure regulation—

(i)if the authorised person concerned is a PRA-authorised person, the PRA or the FCA;

(ii)in any other case, the FCA;

(d)in relation to a contravention of any directly applicable regulation made under the European market infrastructure regulation, the FCA;

[F148 (e)in relation to a contravention of the short selling regulation or any directly applicable regulation made under that regulation, the FCA;F148]

[F149 (f)in relation to a contravention of a requirement imposed by the EuSEF Regulation, the EuVECA Regulation or any directly applicable regulation made under either the EuSEF Regulation or the EuVECA Regulation, the FCAF149] ;

[F150 (g)in relation to a contravention of the CSD regulation or any directly applicable regulation made under the CSD regulation—

(i)if the authorised person concerned is a PRA-authorised person, the PRA or the FCA;

(ii)in any other case, the FCAF150] ;

[F151 (h)in relation to a contravention of a requirement imposed by any directly applicable regulation made under the recovery and resolution directive—

(i)if the person concerned is a PRA-authorised person, or a parent undertaking of a PRA-authorised person, either the PRA or the FCA;

(ii)in any other case, the FCAF151] ;

F152(i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F153 (j)in relation to a contravention of the market abuse regulation or any directly applicable regulation made under that Regulation, the FCAF153] ;

[F154 (k)in relation to a contravention of a requirement imposed by a directly applicable regulation made under the Solvency 2 Directive, the PRAF154] ;

(l)[F155 in relation to a contravention of a requirement imposed by the PRIIPs regulation or any directly applicable regulation made under that Regulation, the FCA;F155]

[F156 (m)in relation to a contravention of a requirement imposed by the EU Benchmarks Regulation 2016 or any directly applicable measure made under that Regulation, the FCAF156] ;

F157(n). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F158 (o)in relation to a contravention of a requirement imposed by the MMF Regulation or any directly applicable regulation or decision made under that Regulation, the FCAF158] ;

F159(p). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F160(q). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F161 (5A) The appropriate regulator for the purposes of section 380 of the Act, in relation to a contravention of the SFT regulation or any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation, is the FCA.F161]

(6) The specified[F162 qualifying provisionsF162] for the purposes of paragraph 26(2)(c) of Schedule 17A to the Act are—

(a)the European market infrastructure regulation;

(b)any directly applicable regulation made under the European market infrastructure regulation;

[F163 (c)the CSD regulation and any directly applicable regulation made under that RegulationF163] ;

[F164 (d)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.F164]

[F165 (7) In paragraphs (2)(n) and (5)(m) the reference to any directly applicable measure of the EU Benchmarks Regulation 2016 is a reference to—

(a)any measure, originally adopted under that regulation, which is [F166 assimilated directF166] legislation,

(b)technical standards made under that regulation in accordance with Chapter 2A of Part 9A of the Act, and

(c)any subordinate legislation (within the meaning of the Interpretation Act 1978) which is made under a power substituted for a power of an EU entity to adopt a measure under that regulation by regulations made under section 8 of the European Union (Withdrawal) Act 2018.F165]

[F167Qualifying provisionsF167] : fees

6.—(1) The instruments listed in paragraph (2) are specified[F168 qualifying provisionsF168] for the purposes of paragraph 23(2) of Schedule 1ZA to the Act [F169and regulation 206(1)(a) of the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019;F169]

(2) The instruments are—

(a)any directly applicable regulation made under the markets in financial instruments directive;

[F170 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F170]

(b)any directly applicable regulation made under the UCITS directive;

[F171 (ba)any directly applicable regulation made under the alternative investment fund managers directive;F171]

(c)the emission allowance auctioning regulation;

[F172 (ca)the UK auctioning regulations;F172]

(d)the European market infrastructure regulation;

(e)any directly applicable regulation made under the European market infrastructure regulation;

[F173 (f)the short selling regulation;F173]

[F174 (g)any directly applicable regulation made under the short selling regulation;F174]

[F175 (h)the EuSEF Regulation and any directly applicable regulation made under that Regulation;

(i)the EuVECA Regulation and any directly applicable regulation made under that RegulationF175] ;

[F176 (j)the CSD regulation and any directly applicable regulation made under that RegulationF176] ;

[F177 (k)any directly applicable regulation made under the recovery and resolution directiveF177] ;

F178(l). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F179 (m)the market abuse regulation and any directly applicable regulation made under that RegulationF179] ;

[F180 (n)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulationF180] ;

(o)[F181 the PRIIPs regulation and any directly applicable regulation made under that Regulation;F181]

[F182 (p)the EU Benchmarks Regulation 2016 and any directly applicable regulation made under the EU Benchmarks Regulation 2016F182] ;

F183(q). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F184 (r)the MMF Regulation and any directly applicable regulation or decision made under that RegulationF184] ;

F185(s). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F186(t). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) The instruments listed in paragraph (4) are specified[F187 qualifying provisionsF187] for the purposes of paragraph 31(2) of Schedule 1ZB to the Act [F188and regulation 206(1)(a) of the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019F188] .

(4) The instruments are—

(a)any directly applicable regulation made under the market in financial instruments directive;

[F189 (aa)the markets in financial instruments regulation and any directly applicable EU regulation made under that regulation;F189]

(b)the European market infrastructure regulation;

(c)any directly applicable regulation made under the European markets infrastructure regulation;

[F190 (d)the CSD regulation and any directly applicable regulation made under that RegulationF190] ;

[F191 (e)any directly applicable regulation made under the recovery and resolution directiveF191] ;

[F192 (f)any directly applicable regulation made under the Solvency 2 DirectiveF192] ;

F193(g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) The instruments listed in paragraph (6) are specified[F194 qualifying provisionsF194] for the purposes paragraph 36(2)(b) of Schedule 17A to the Act [F195and regulation 206(1)(a) of the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019F195] .

(6) The instruments are—

(a)the European market infrastructure regulation;

(b)any directly applicable regulation made under the European market infrastructure regulation;

[F196 (c)the CSD regulation and any directly applicable regulation made under that RegulationF196] ;

[F197 (d)the SFT regulation and any directly applicable regulation made under Article 4(9) or 4(10) of the SFT regulation.F197]

Mark Lancaster

David Evennett

Two of the Lords Commissioners of Her Majesty's Treasury

Status: The Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013 is up to date with all changes known to be in force on or before 17 February 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
The Financial Services and Markets Act 2000(Qualifying Provisions)Order 2013 (2013/419)
Version from: 19 January 2026

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Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (for detail about the purposes see/hover footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
italics Defined term
dfn Defined term (alternative style)
gry bckgrd the in-force status of the provision is complex, check the footnotes
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
C1 Order: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)
F1 Words in Title substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(2); 2020 c. 1, Sch. 5 para. 1(1) substituted
F2 Words in art. 1(1) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(2); 2020 c. 1, Sch. 5 para. 1(1) substituted
F3 Words in art. 1(2) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(2) omitted
F4 Words in art. 1(2) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(2) inserted
F5 Words in art. 1(2) omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 33 (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F6 Words in art. 1(2) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(2) omitted
F7 Words in art. 1(2) inserted (22.7.2013) by virtue of The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(2) inserted
F8 Words in art. 1(2) inserted (1.3.2018) by The Alternative Investment Fund Managers (Amendment) Regulations 2018 (S.I. 2018/134), regs. 1(2), 3(a) inserted
F9 Words in art. 1(2) inserted (1.3.2018) by The Alternative Investment Fund Managers (Amendment) Regulations 2018 (S.I. 2018/134), regs. 1(2), 3(b) inserted
F10 Words in art. 1(2) inserted (1.1.2023) by The Financial Services and Markets Act 2000 (Qualifying Provisions) (Amendment) Order 2022 (S.I. 2022/1252), arts. 1(1), 3(2)(a) inserted
F11 Words in art. 1(2) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(2) inserted
F12 Words in art. 1(2) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(2)(a) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F13 Words in art. 1 inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(2) inserted
F14 Words in art. 1(2) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(2) inserted
F15 Art. 1(3) substituted for art. 1(3)(3A) (30.6.2020) by The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2020 (S.I. 2020/628), regs. 1(2), 2 substituted
F16 Art. 1(4)-(7) inserted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(3); 2020 c. 1, Sch. 5 para. 1(1) inserted
F17 Words in art. 1(4)(a) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 10(a)(i) substituted
F18 Words in art. 1(5) substituted (1.1.2023) by The Financial Services and Markets Act 2000 (Qualifying Provisions) (Amendment) Order 2022 (S.I. 2022/1252), arts. 1(1), 3(2)(b) substituted
F19 Words in art. 1(5)(a) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 10(a)(ii) substituted
F20 Words in art. 1(5A) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(2)(b) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F21 Words in art. 1(5A)(a) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 10(a)(iii) substituted
F22 Words in art. 1(6)(a) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 10(a)(iv) substituted
F23 Words in art. 1(7)(a) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 10(a)(v) substituted
F24 Words in art. 2 heading substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F25 Words in art. 2(1) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F26 Word in art. 2(1) substituted (21.11.2016) by The Financial Services (Banking Reform) Act 2013 (Consequential Amendments) (No. 2) Order 2016 (S.I. 2016/1023), arts. 1, 2(a) substituted
F27 Art. 2(2)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(2)(a) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F28 Art. 2(2)(ba) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(3)(a) inserted
F29 Art. 2(2)(ca) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(3)(a) inserted
F30 Art. 2(2)(f)(g) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(3)(b) inserted
F31 Art. 2(2)(h) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(2)(a) inserted
F32 Art. 2(2)(i) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(3) omitted
F33 Art. 2(2)(j) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(2)(a) inserted
F34 Art. 2(2)(k) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(3) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F35 Art. 2(2)(l) omitted (1.1.2025) by virtue of The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/1239), regs. 1(2), 6(2) omitted
F36 Art. 2(2)(m) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(3) inserted
F37 Art. 2(2)(n) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(3) omitted
F38 Words in art. 2(3) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F39 Art. 2(4)(a) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(2) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F40 Art. 2(4)(b) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(2) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F41 Art. 2(4)(c) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(3)(a) inserted
F42 Art. 2(4A) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(2)(a) inserted
F43 Words in art. 2(4A) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F44 Words in art. 2(5) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F45 Word in art. 2(5) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(2)(b) (with reg. 7) this amendment (text substituted) should be read in conjunction with other related provisions, see the commentary. substituted
F46 Word in art. 2(5) substituted (21.11.2016) by The Financial Services (Banking Reform) Act 2013 (Consequential Amendments) (No. 2) Order 2016 (S.I. 2016/1023), arts. 1, 2(b) substituted
F47 Art. 2(6)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(2)(c) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F48 Art. 2(6)(d) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(2)(b) inserted
F49 Art. 2(6)(e) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(3)(b) inserted
F50 Art. 2(6)(f) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(3) omitted
F51 Words in art. 2(7) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F52 Art. 2(8)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(2)(d) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F53 Art. 2(8)(ba) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(3)(b) inserted
F54 Art. 2(8)(e) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(2)(c) inserted
F55 Art. 2(8)(f) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(2)(b) inserted
F56 Art. 2(8)(g) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(2)(b) inserted
F57 Art. 2(9) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(3)(c) inserted
F58 Words in art. 2(9)-(11) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(a); 2020 c. 1, Sch. 5 para. 1(1) substituted
F59 Word in art. 2(9) substituted (21.11.2016) by The Financial Services (Banking Reform) Act 2013 (Consequential Amendments) (No. 2) Order 2016 (S.I. 2016/1023), arts. 1, 2(c) substituted
F60 Art. 2(10) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(2)(c) inserted
F61 Word in art. 2(10) substituted (21.11.2016) by The Financial Services (Banking Reform) Act 2013 (Consequential Amendments) (No. 2) Order 2016 (S.I. 2016/1023), arts. 1, 2(d) substituted
F62 Art. 2(11) inserted (12.10.2016) by The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016 (S.I. 2016/936), arts. 1(2), 2(2) inserted
F63 Art. 2(12)(13) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(3) inserted
F64 Words in art. 2(12) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(5); 2020 c. 1, Sch. 5 para. 1(1) substituted
F65 Words in art. 2(13) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(5); 2020 c. 1, Sch. 5 para. 1(1) substituted
F66 Art. 2(14) omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 34 (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F67 Words in art. 3 heading substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(b); 2020 c. 1, Sch. 5 para. 1(1) substituted
F68 Words in art. 3(1) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(b); 2020 c. 1, Sch. 5 para. 1(1) substituted
F69 Art. 3(2)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(3)(a) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F70 Words in art. 3(2)(aa) inserted (1.1.2023) by The Financial Services and Markets Act 2000 (Qualifying Provisions) (Amendment) Order 2022 (S.I. 2022/1252), arts. 1(1), 3(3) inserted
F71 Art. 3(2)(ba) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(4)(a)(i) inserted
F72 Art. 3(2)(ca) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(4)(a) inserted
F73 Art. 3(2)(f)(g) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(4)(a)(ii) inserted
F74 Art. 3(2)(h) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(3)(a) inserted
F75 Art. 3(2)(i) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(4)(a) inserted
F76 Art. 3(2)(j) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(4)(a) omitted
F77 Art. 3(2)(k) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(3)(a) inserted
F78 Art. 3(2)(l) inserted (12.10.2016) by The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016 (S.I. 2016/936), arts. 1(2), 2(3)(a) inserted
F79 Art. 3(2)(m) inserted (1.1.2018) by The Packaged Retail and Insurance-based Investment Products Regulations 2017 (S.I. 2017/1127), reg. 1, Sch. 2 para. 7(4)(a) inserted
F80 Art. 3(2)(m) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(4)(a) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F81 Art. 3(2)(n) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(4)(b) inserted
F82 Art. 3(2)(o) omitted (1.1.2025) by virtue of The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/1239), regs. 1(2), 6(3)(a) omitted
F83 Art. 3(2)(p) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(4)(a) inserted
F84 Art. 3(2)(q) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(4) omitted
F85 Words in art. 3(3) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(b); 2020 c. 1, Sch. 5 para. 1(1) substituted
F86 Words in art. 3(3)(a) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(3)(b) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F87 Words in art. 3(3)(b) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(4)(b) inserted
F88 Words in art. 3(3)(b) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(4)(b)(i) inserted
F89 Art. 3(3)(e) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(4)(b)(ii) inserted
F90 Art. 3(3)(f) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(3)(b) inserted
F91 Art. 3(3)(g) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(4)(b) inserted
F92 Art. 3(3)(h) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(4)(b) omitted
F93 Art. 3(3)(i) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(3)(b) inserted
F94 Art. 3(3)(j) inserted (12.10.2016) by The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016 (S.I. 2016/936), arts. 1(2), 2(3)(b) inserted
F95 Art. 3(3)(k) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(4)(b) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F96 Art. 3(3)(l) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(4)(c) inserted
F97 Art. 3(3)(m) omitted (1.1.2025) by virtue of The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/1239), regs. 1(2), 6(3)(b) omitted
F98 Art. 3(3)(n) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(4)(b) inserted
F99 Art. 3(3)(o) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(4) omitted
F100 Words in art. 4 heading substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1) substituted
F101 Words in art. 4 heading substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 40 (with regs. 7(4), 9(1)) this amendment (text substituted) should be read in conjunction with other related provisions, see the commentary. substituted
F102 Art. 4(3)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(4)(a) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F103 Art. 4(3)(ba) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(5)(a) inserted
F104 Art. 4(3)(e) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(a) inserted
F105 Art. 4(3)(f) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(a) inserted
F106 Words in art. 4(4) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1) substituted
F107 Art. 4(5)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(4)(b) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F108 Art. 4(5)(ba) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(5)(b) inserted
F109 Art. 4(5)(e) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(b) inserted
F110 Art. 4(5)(f) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(b) inserted
F111 Words in art. 4(6) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1) substituted
F112 Art. 4(7)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(4)(c) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F113 Art. 4(7)(d) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(c) inserted
F114 Art. 4(7)(e) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(c) inserted
F115 Words in art. 4(8) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1) substituted
F116 Art. 4(9)(c) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(4)(d) inserted
F117 Art. 4(10) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(3) inserted
F118 Words in art. 4(10)-(12) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(c); 2020 c. 1, Sch. 5 para. 1(1) substituted
F119 Art. 4(11) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(4)(d) inserted
F120 Art. 4(12) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(5) inserted
F121 Words in art. 5 heading substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(d); 2020 c. 1, Sch. 5 para. 1(1) substituted
F122 Words in art. 5(1) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(d); 2020 c. 1, Sch. 5 para. 1(1) substituted
F123 Art. 5(2)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(5)(a) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F124 Words in art. 5(2)(aa) inserted (1.1.2023) by The Financial Services and Markets Act 2000 (Qualifying Provisions) (Amendment) Order 2022 (S.I. 2022/1252), arts. 1(1), 3(3) inserted
F125 Art. 5(2)(ba) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(5)(a)(i) inserted
F126 Words in art. 5(2)(c) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(4)(a) inserted
F127 Art. 5(2)(ca) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(6)(a) inserted
F128 Art. 5(2)(f)(g) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(5)(a)(ii) inserted
F129 Art. 5(2)(h) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(5)(a) inserted
F130 Art. 5(2)(i) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(5)(a) inserted
F131 Art. 5(2)(j) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(5)(a) omitted
F132 Art. 5(2)(k) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(4)(b) inserted
F133 Art. 5(2)(l) inserted (12.10.2016) by The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016 (S.I. 2016/936), arts. 1(2), 2(4)(a) inserted
F134 Art. 5(2)(m) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(5)(a) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F135 Art. 5(2)(n) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(6)(b) inserted
F136 Art. 5(2)(o) omitted (1.1.2025) by virtue of The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/1239), regs. 1(2), 6(4)(a) omitted
F137 Art. 5(2)(p) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(5)(a) inserted
F138 Art. 5(2)(q) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(5) omitted
F139 Art. 5(2)(r) omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 35 (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F140 Art. 5(3) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(3)(a) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F141 Words in art. 5(3) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(d); 2020 c. 1, Sch. 5 para. 1(1) substituted
F142 Art. 5(4) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(3)(b) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F143 Art. 5(4A) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(5)(a) inserted
F144 Words in art. 5(4A) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(d); 2020 c. 1, Sch. 5 para. 1(1) substituted
F145 Words in art. 5(5)(a) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(5)(b) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F146 Words in art. 5(5)(b) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(6)(b) inserted
F147 Words in art. 5(5)(b) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(5)(b)(i) inserted
F148 Art. 5(5)(e) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(3)(c) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F149 Art. 5(5)(f) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(5)(b)(ii) inserted
F150 Art. 5(5)(g) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(5)(b) inserted
F151 Art. 5(5)(h) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(5)(b) inserted
F152 Art. 5(5)(i) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(5)(b) omitted
F153 Art. 5(5)(j) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(4)(c) inserted
F154 Art. 5(5)(k) inserted (12.10.2016) by The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016 (S.I. 2016/936), arts. 1(2), 2(4)(b) inserted
F155 Art. 5(5)(l) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(5)(b) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F156 Art. 5(5)(m) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(6)(c)(ii) inserted
F157 Art. 5(5)(n) omitted (1.1.2025) by virtue of The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/1239), regs. 1(2), 6(4)(b) omitted
F158 Art. 5(5)(o) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(5)(b) inserted
F159 Art. 5(5)(p) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(5) omitted
F160 Art. 5(5)(q) omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 35 (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F161 Art. 5(5A) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(5)(b) inserted
F162 Words in art. 5(6) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(d); 2020 c. 1, Sch. 5 para. 1(1) substituted
F163 Art. 5(6)(c) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(5)(c) inserted
F164 Art. 5(6)(d) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(5)(c) inserted
F165 Art. 5(7) inserted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(6); 2020 c. 1, Sch. 5 para. 1(1) inserted
F166 Words in art. 5(7)(a) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 10(b) substituted
F167 Words in art. 6 heading substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(e); 2020 c. 1, Sch. 5 para. 1(1) substituted
F168 Words in art. 6(1) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(e); 2020 c. 1, Sch. 5 para. 1(1) substituted
F169 Words in art. 6(1) inserted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(7)(a); 2020 c. 1, Sch. 5 para. 1(1) inserted
F170 Art. 6(2)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(6)(a) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F171 Art. 6(2)(ba) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(6)(a) inserted
F172 Art. 6(2)(ca) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 7(7) inserted
F173 Art. 6(2)(f) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(4) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F174 Art. 6(2)(g) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 5(4) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F175 Art. 6(2)(h)(i) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 22(6)(b) inserted
F176 Art. 6(2)(j) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(6)(a) inserted
F177 Art. 6(2)(k) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(6)(a) inserted
F178 Art. 6(2)(l) omitted (1.1.2024) by virtue of The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 (S.I. 2023/1410), regs. 1(2), 8(6) omitted
F179 Art. 6(2)(m) inserted (3.7.2016) by The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (S.I. 2016/680), regs. 1, 22(5) inserted
F180 Art. 6(2)(n) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(6)(a) inserted
F181 Art. 6(2)(o) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 2(6) text omitted for certain specified purposes only, see the commentary. omitted check commentary
F182 Art. 6(2)(p) inserted (27.2.2018) by The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135), regs. 1(2), 58(7)(b) inserted
F183 Art. 6(2)(q) omitted (1.1.2025) by virtue of The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 (S.I. 2024/1239), regs. 1(2), 6(5) omitted
F184 Art. 6(2)(r) inserted (28.6.2018 for specified purposes, 21.7.2018 in so far as not already in force) by The Money Market Funds Regulations 2018 (S.I. 2018/698), regs. 1(2), 5(6) inserted
F185 Art. 6(2)(s) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(6) omitted
F186 Art. 6(2)(t) omitted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by virtue of The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 36 (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F187 Words in art. 6(3) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(e); 2020 c. 1, Sch. 5 para. 1(1) substituted
F188 Words in art. 6(3) inserted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(7)(b); 2020 c. 1, Sch. 5 para. 1(1) inserted
F189 Art. 6(4)(aa) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 3 para. 6(6)(b) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F190 Art. 6(4)(d) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(6)(b) inserted
F191 Art. 6(4)(e) inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 12(6)(b) inserted
F192 Art. 6(4)(f) inserted (12.10.2016) by The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016 (S.I. 2016/936), arts. 1(2), 2(5) inserted
F193 Art. 6(4)(g) omitted (1.11.2024) by virtue of The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 5(6) omitted
F194 Words in art. 6(5) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(4)(e); 2020 c. 1, Sch. 5 para. 1(1) substituted
F195 Words in art. 6(5) inserted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 187(7)(c); 2020 c. 1, Sch. 5 para. 1(1) inserted
F196 Art. 6(6)(c) inserted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 9(6)(c) inserted
F197 Art. 6(6)(d) inserted (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), reg. 1(2), Sch. 2 para. 4(6)(b) inserted
M1 2000 c. 8. Sections 1A to 3S were inserted by section 6 of the Financial Services Act 2012 (c.21); section 39(4) was substituted by Schedule 18 to that Act; section 66(2) and (2A) were substituted by Schedule 5 to that Act; section 168 was amended by Schedule 12 to that Act; sections 204A, 380, 382 and 384 were amended by Schedule 9 to that Act; section 293A was inserted by Schedule 8 to that Act; sections 296 and 297 were amended by Schedule 8 to that Act; section 312E was inserted by section 33 of that Act. There are other amendments to these provisions which are not relevant to this Order.
M2 Schedules 1ZA and 1ZB were inserted by Schedule 3 to the Financial Services Act 2012. Schedule 17A was inserted by Schedule 7 to that Act.
M3 OJ no L 201, 27.7.2012, p1.
Defined Term Section/Article ID Scope of Application
EuSEF Regulation art. 1. def_e3c3e0dee6
EuVECA Regulation art. 1. def_19b647ac23
markets in financial instruments regulation art. 1. def_cb6b68ccc4
MMF Regulation art. 1. def_66ee4e5011
PRIIPs regulation art. 1. def_baf48cdeb3
recovery and resolution directive art. 1. def_be36df82e2
the Act art. 1. def_26796f14a9
the EU Benchmarks Regulation 2016 art. 1. def_77f9c6830a
the European market infrastructure regulation art. 1. def_55c2c0e087
the parent EU Directive art. 1. def_016e6ab0c0
the parent Regulation art. 1. def_37835d7dfb
the parent Regulation art. 1. def_e9d4fee642
UK auctioning regulations art. 1. def_6944f43678

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.