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Financial Services (Banking Reform) Act 2013

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Financial Services (Banking Reform) Act 2013, Paragraph 3 is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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3(1)Section 63 of FSMA 2000 (withdrawal of approval) is amended as follows.U.K.

(2)In subsection (1A)(a), for “significant-influence function” substitute “ relevant senior management function ”.

(3)For subsection (1B) substitute—

(1B)In subsection (1A) “relevant senior management function” means a function which the PRA is satisfied is a senior management function as defined in section 59ZA (whether or not the function has been designated as such by the FCA).

Commencement Information

I1Sch. 3 para. 3 in force at 7.3.2016 by S.I. 2015/490, art. 2(1)(b) (with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))

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