Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019

Regulatory Updates | 28/02/19

This draft enactment replaces the previous draft SI published on 21 February 2019. This draft enactment is laid in exercise of legislative powers under the European Union (Withdrawal) Act 2018 in preparation for Brexit. This enactment addresses deficiencies in UK domestic law and retained EU law arising from the UK’s withdrawal from the EU, in line with the approach taken in other financial services EU exit instruments under the EU (Withdrawal) Act 2018. This enactment revokes a number of pieces of retained EU law and UK domestic law. This draft enactment was re-laid with correction on the substituted date in the Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019. Regulations 1 and 13 to 24 come into force immediately before exit day. The remaining provisions come into force on exit day.