SCHEDULES
SCHEDULE 23 Consequential Amendments of the Financial Services Act 1986
Part I General Amendments
9
In section 95 of the Financial Services Act 1986 (collective investment schemes: contraventions), after subsection (2) add—
3
The disciplinary action which may be taken by virtue of section 47A(3) (failure to comply with statement of principle) includes—
a
the giving of a direction under section 91(2), and
b
the application by the Secretary of State for an order under section 93;
and subsection (6) of section 47A (duty of the Secretary of State as to exercise of powers) has effect accordingly.