These Regulations may be cited as the Financial Services (EEA State) Regulations 2007, and come into force on 13th February 2007.
Specified date: 13 February 2007: see above.
In Schedule 3 to the Financial Services and Markets Act 2000 (EEA Passport Rights), for paragraph 8 substitute—
“8“EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978.”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Credit Institutions (Protection of Depositors) Regulations 1995, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Cross-Border Credit Transfers Regulations 1999, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Electronic Commerce Directive (Financial Services and Markets) Regulations 2002, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Money Laundering Regulations 2003, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Insurers (Reorganisation and Winding Up) Regulations 2004, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Credit Institutions (Reorganisation and Winding up) Regulations 2004, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2(1) of the Financial Services (Distance Marketing) Regulations 2004, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
In regulation 2 of the Investment Recommendation (Media) Regulations 2005, for the definition of “EEA State” substitute—
““EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;”.
Specified date: 13 February 2007: see reg 1.
Claire Ward
Alan Campbell
Two of the Lords Commissioners of Her Majesty's Treasury
22nd January 2007
These Regulations substitute a new definition of “EEA State” in paragraph 8 of Schedule 3 to the Financial Services and Markets Act 2000 (c 8) (“the Act”). Section 425(1) of the Act provides that the definition applies for the purposes of the Act. The existing definition of “EEA State” excludes Bulgaria and Romania which became Community member States on 1st January 2007. It is amended in order correctly to transpose the single market directives (listed in paragraph 1 of Schedule 3 to the Act). The new definition refers to the definition of “EEA state” inserted into the Interpretation Act 1978 (c 30) by the Legislative and Regulatory Reform Act 2006 (c 51); it therefore includes all Community member States.
These Regulations also substitute the same new definition of “EEA State” in regulations made by the Treasury under section 2(2) of the European Communities Act 1972 (c 68) implementing other Community legislation in relation to financial services where the regulations contain a definition in similar terms to paragraph 8 of Schedule 3 to the Act.
A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
