1 Citation and commencement

These Regulations may be cited as the Financial Services (EEA State) Regulations 2007, and come into force on 13th February 2007.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see above.

Financial Services & Activities93 E-Commerce94 Insurance Law93 Information Technology & Telecommunications94 Banking & Finance Law93

2 Amendment of Schedule 3 to the Financial Services and Markets Act 2000

2Amendment of Schedule 3 to the Financial Services and Markets Act 2000

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.”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 Financial Services & Activities94 E-Commerce94 Insurance Law94 Information Technology & Telecommunications94 Banking & Finance Law94

3 Amendment of the Credit Institutions (Protection of Depositors) Regulations 1995

3Amendment of the Credit Institutions (Protection of Depositors) Regulations 1995

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 Financial Services & Activities94 E-Commerce94 Insurance Law94 Information Technology & Telecommunications94 Banking & Finance Law94

4 Amendment of the Cross-Border Credit Transfers Regulations 1999

4Amendment of the Cross-Border Credit Transfers Regulations 1999

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 Financial Services & Activities94 E-Commerce94 Insurance Law94 Information Technology & Telecommunications94 Banking & Finance Law94

5 Amendment of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999

5Amendment of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 Financial Services & Activities93 E-Commerce94 Insurance Law93 Information Technology & Telecommunications94 Banking & Finance Law93

6 Amendment of the Electronic Commerce Directive (Financial Services and Markets) Regulations 2002

6Amendment of the Electronic Commerce Directive (Financial Services and Markets) Regulations 2002

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 Financial Services & Activities93 E-Commerce94 Insurance Law93 Information Technology & Telecommunications94 Banking & Finance Law93

7 Amendment of the Money Laundering Regulations 2003

7Amendment of the Money Laundering Regulations 2003

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Financial Services & Activities93 Regulation & Offences91 Financial & Business Offences94 Insurance Law93 Offences against the State & the General Public94 Criminal Law & Disposition of Offenders94 Information Technology & Telecommunications94 Banking & Finance Law93 Money Laundering & Terrorist Financing94 Money Laundering99 E-Commerce94

8 Amendment of the Insurers (Reorganisation and Winding Up) Regulations 2004

8Amendment of the Insurers (Reorganisation and Winding Up) Regulations 2004

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 E-Commerce94 Information Technology & Telecommunications94

9 Amendment of the Credit Institutions (Reorganisation and Winding up) Regulations 2004

9Amendment of the Credit Institutions (Reorganisation and Winding up) Regulations 2004

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 E-Commerce94 Information Technology & Telecommunications94

10 Amendment of the Financial Services (Distance Marketing) Regulations 2004

10Amendment of the Financial Services (Distance Marketing) Regulations 2004

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 E-Commerce94 Information Technology & Telecommunications94

11 Amendment of the Investment Recommendation (Media) Regulations 2005

11Amendment of the Investment Recommendation (Media) Regulations 2005

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;”.

NOTES
Initial Commencement
Specified date

Specified date: 13 February 2007: see reg 1.

Accounting99 Money Laundering99 E-Commerce94 Information Technology & Telecommunications94

Signature

Claire Ward

Alan Campbell

Two of the Lords Commissioners of Her Majesty's Treasury

22nd January 2007

Accounting99 Money Laundering99

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Regulations)

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.

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