There has been published on the legislation.gov.uk website The Financial Services and Markets Act (Qualifying EU Provisions) (Amendment) Order 2016 (the Order). The Order amends the Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013. As a result of the amendments, directly applicable regulations made under Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II Directive) are specified as qualifying EU provisions for the purposes of various provisions of the Financial Services and Markets Act 2000 (FSMA). This means that the PRA may use powers in the FSMA to enforce requirements imposed by directly applicable regulations made under that Directive.

View The Financial Services and Markets Act 2000 (Qualifying EU Provisions) (Amendment) Order 2016, 16 September 2016