SCHEDULE 2Amendments of subordinate legislation

The Financial Services and Markets Act 2000 (Regulated Activities) Order 200135

In the Financial Services and Markets Act 2000 (Regulated Activities) Order 200171—

a

in articles 9C(1) and (3); 9D; 9E(1); 9F; 9G(1), (4) and (8); 9H(1); 9K; 54(3); 92; 93(1); 94(1), (3), (4) and (5); 95(1) to (9) and 96, for “the Authority” (wherever appearing) substitute “the FCA”;

b

in article 9C(3) (persons certified as small issuers etc), for “the authority” substitute “the FCA”;

c

in article 9D (applications for certificates), for paragraphs (a) to (c), substitute—

a

section 55U(1)(b) and (4) to (8);

b

section 55V;

c

section 55X(2) and (4)(f); and

d

section 55Z3(1).

d

in article 9E (revocation of certificate on Authority’s own initiative)—

i

in the heading, for “Authority’s” substitute “FCA’s”;

ii

in paragraph (3)—

aa

for “54 and 55(2)” substitute “55Z and 55Z3(2)”;

bb

for “the Authority’s” substitute “the FCA’s”;

e

in article 9G (obtaining information from certified persons etc)—

i

in subsection (2), for “Section 148” substitute “Section 138A”;

ii

in subsection (3), for “Section 150” substitute “Section 138D”;

iii

in subsection (6) for “Authority’s” substitute “Regulator’s”;

iv

in subsection (7) omit paragraph (a);

f

in article 9H(2) (rules prohibiting the issue of electronic money at a discount), for “Section 148” substitute “Section 138A”;

g

in article 35(3)(c) and (d) (international securities self-regulating organisations), for “the Authority” substitute “the FCA and the PRA”;

h

in article 93(1)(a) (duty to maintain a record of persons carrying on insurance mediation activities), for “section 51(3)” substitute “section 55U(4)”;

i

in article 95(10) (exclusion from record where no fit and proper to carry on insurance mediation activities), for “Authority” substitute “FCA or PRA”;

j

in article 96 (exclusion from record where regulator has exercised its powers under Part 20 of the Act), in the heading for “Authority” substitute “FCA”.