## The Financial Services and Markets Act 2000 

## Amendment of primary legislation 

## PART 2 

2.  In section 313(1) (interpretation of Part 18) of the Financial Services and Markets Act 2000( a ), in the definition of “the EMIR regulation”( b ), after “trade repositories” insert “as last amended by Regulation (EU) 2019/2099 of the European Parliament and of the Council of 23 October 2019”. 

## Amendment of secondary legislation 

## PART 3 

## The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 

3.  In article 35A (trade repositories) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001( c ), in paragraph (2), for “the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No.2) Regulations 2019” substitute “the Financial Services and Markets Act 2000 (Central Counterparties, Investment Exchanges, Prospectus and Benchmarks) (Amendment) Regulations 2020”. 

## The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001 

4. —(1) Paragraph 3G (tick size regimes) of Schedule 1 to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001( d ) is amended as follows. 

(2) In sub-paragraph (1), for “The exchange” substitute “Subject to sub-paragraph (1A), the exchange”. 

(3) After sub-paragraph (1), insert— 

“(1A) The application of tick sizes shall not prevent the exchange from matching orders that are large in scale (as determined in accordance with Article 4 of the markets in financial instruments regulation) at the mid-point within the current bid and offer prices.”. 

## The Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013 

5.  In article 1 (citation, commencement and interpretation) of the Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013( e ), for paragraph (3A) substitute— 

“(3A) In this Order references to the EU Benchmarks Regulation 2016, the EU Prospectus Regulation and the European market infrastructure regulation are to be treated as a reference to the respective EU regulation as it has effect at the beginning of the day on which Financial Services and Markets Act 2000 (Central Counterparties, Investment Exchanges, Prospectus and Benchmarks) (Amendment) Regulations 2020 are made (but see regulation 2 of the European Union (Withdrawal) Act 2018 (Consequential Modifications and Repeals and Revocations) (EU Exit) Regulations 2019, which may further update the reference).”. 

