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Financial Services (Banking Reform) Act 2013

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Changes over time for: Cross Heading: Functions of CMA to be discharged by group

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Point in time view as at 13/07/2018.

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Financial Services (Banking Reform) Act 2013, Cross Heading: Functions of CMA to be discharged by group is up to date with all changes known to be in force on or before 31 October 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

Functions of CMA to be discharged by groupU.K.

1U.K.Except where specified otherwise in this Schedule, the functions of the CMA with respect to an appeal are to be carried out on behalf of the CMA by a group constituted for the purpose by the chair of the CMA under Schedule 4 to the Enterprise and Regulatory Reform Act 2013.

Commencement Information

2(1)Schedule 4 to the Enterprise and Regulatory Reform Act 2013 is amended as follows.U.K.

(2)In paragraph 35(1) (membership of CMA panel), after paragraph (c) insert—

(ca)at least one person (a “payment systems panel member”) appointed to the CMA panel under paragraph 1(1)(b) for the purpose of being available for selection as a member of a group constituted to carry out functions on behalf of the CMA with respect to an appeal made in accordance with section 79 of the Financial Services (Banking Reform) Act 2013 (a “specialist payment systems group”);.

(3)In paragraph 38 (membership of CMA groups), after sub-paragraph (5) insert—

(5A)In the case of a specialist payment systems group, the group must include at least one payment systems member.

(4)In paragraph 48 (performance of functions of chair with respect to constitution etc of CMA group), in sub-paragraph (4)(c), at the end insert—

(v)Schedule 5 to the Financial Services (Banking Reform) Act 2013.

Commencement Information

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