PART 1Regulatory framework

CHAPTER 1Revocation of F1assimilated law

Annotations:
Amendments (Textual)

I11Revocation of F2assimilated law relating to financial services and markets

I2I4I5I6I7I81

The legislation referred to in Schedule 1 is revoked.

I32

In that Schedule—

a

Part 1 refers to F4assimilated direct principal legislation;

b

Part 2 refers to subordinate legislation;

c

Part 3 refers to EU tertiary legislation and subordinate legislation made under an instrument referred to in Part 2;

d

Part 4 refers to primary legislation;

e

Part 5 refers to other EU-derived legislation not covered by Parts 1 to 3.

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I34

The revocation of any legislation in accordance with this section does not affect the continued effect of any amendments to other legislation made by that revoked legislation (as those amendments had effect immediately before the revocation).

I35

The Treasury may by regulations provide for specified subordinate legislation, or for subordinate legislation of a specified description, otherwise falling within Part 5 of Schedule 1, not to fall within that Part.

I36

Regulations under subsection (5) are subject to the negative procedure.