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Financial Services (Banking Reform) Act 2013

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Point in time view as at 18/12/2013. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Financial Services (Banking Reform) Act 2013, Paragraph 15 is up to date with all changes known to be in force on or before 06 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

Valid from 18/02/2014

Valid from 07/03/2016

This section has no associated Explanatory Notes

15(1)Section 415B of FSMA 2000 (consultation in relation to taking certain enforcement action) is amended as follows.U.K.

(2)In subsection (4)—

(a)in paragraph (b), for “significant-influence” substitute “ relevant senior management ”, and

(b)omit the definitions appearing after that paragraph.

(3)After subsection (4) insert—

(5)In subsection (4)—

  • arrangement” has the same meaning as in section 59;

  • relevant senior management function” means a function which the FCA is satisfied is a senior management function as defined in section 59ZA (whether or not it has been designated as such under section 59(6A) or (6B)).

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