Statutory Instruments
2019 No. 1256
Financial Services And Markets
The Financial Services and Markets Act 2000 (Benchmarks) (Amendment) Regulations 2019
Made
11th September 2019
Laid before Parliament
13th September 2019
Coming into force
14th October 2019
The Treasury make the following Regulations in exercise of the power conferred by section 2(2) of the European Communities Act 1972( 1 ).
The Treasury are designated( 2 ) in relation to financial services for the purposes of that section of that Act.
Citation and commencement
1. These Regulations may be cited as the Financial Services and Markets Act 2000 (Benchmarks) (Amendment) Regulations 2019 and come into force on 14th October 2019.
Amendment of the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018
2. —(1) The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018( 3 ) are amended as follows.
(2) In regulation 5(2)(e) (FCA powers over Miscellaneous BM persons) after “relying on” insert “Article 46(8) or”.
(3) In regulation 6(1)(b) (FCA’s power to impose requirements) at the end insert “but only in respect of a Miscellaneous BM person coming within regulation 5(2)(d) or (e)”.
David Rutley
Mike Freer
Two of the Lords Commissioners of Her Majesty’s Treasury
11th September 2019
1972 c. 68 ; section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 (c. 7) . By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51) , regulations may be made under section 2(2) of the European Communities Act to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17th March 1993 (Cm 2183). The European Communities Act 1972 is repealed with effect from exit day by section 1 of the European Union (Withdrawal) Act 2018 (c. 16) .
S.I. 2018/135 ; there are amendments to those Regulations, but none are relevant.