Section 425C (“qualifying EU provision”)
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Memorandwm Esboniadol
92. For section 425C(1) (“qualifying EU provision”) substitute—
““Qualifying provision”
425C. In this Act “qualifying provision” means a provision of any of the following—
(a)retained direct EU legislation;
(b)technical standards made in accordance with Chapter 2A of Part 9A;
(c)subordinate legislation (within the meaning of the Interpretation Act 1978) made by virtue of regulations made under section 8 of the European Union (Withdrawal) Act 2018.”.
(1)
Section 425C was inserted by section 48(3) of the Financial Services Act 2012.