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Financial Services (Banking Reform) Act 2013

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4(1)In Schedule 1ZA to FSMA 2000 (the Financial Conduct Authority), paragraph 20 (penalties) is amended as follows.U.K.

(2)In sub-paragraph (3)(b), after “this Act” insert “ or under a provision mentioned in sub-paragraph (4A) ”.

(3)In sub-paragraph (4), after paragraph (c) insert—

(ca)its powers under the relevant competition provisions (as applied by Part 16A of this Act),.

(4)After sub-paragraph (4) insert—

(4A)The relevant competition provisions” are—

(a)section 31E of the Competition Act 1998 (enforcement of commitments);

(b)section 34 of that Act (enforcement of directions);

(c)section 36 of that Act (penalties);

(d)section 40A of that Act (penalties: failure to comply with requirements);

(e)section 174A of the Enterprise Act 2002 (penalties).

(5)In sub-paragraph (5)—

(a)in paragraph (a), for “FSMA 2000” substitute “ this Act ”,

(b)in paragraph (b), for “that Act” substitute “ this Act ”,

(c)in paragraph (c), omit “of that Act”, and

(d)after paragraph (c) insert—

(ca)offences under Part 1 of the Competition Act 1998,

(cb)offences under Part 4 of the Enterprise Act 2002,.

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