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Financial Services and Markets Act 2000

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Changes over time for: Part IV

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Version Superseded: 24/01/2013

Status:

Point in time view as at 08/04/2010.

Changes to legislation:

Financial Services and Markets Act 2000, Part IV is up to date with all changes known to be in force on or before 10 March 2025. 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

Part IVU.K. Miscellaneous

Exemption from liability in damagesU.K.

19(1)Neither the Authority nor any person who is, or is acting as, a member, officer or member of staff of the Authority is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of the Authority’s functions.U.K.

(2)Neither the investigator appointed under paragraph 7 nor a person appointed to conduct an investigation on his behalf under paragraph 8(8) is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of his functions in relation to the investigation of a complaint.

(3)Neither sub-paragraph (1) nor sub-paragraph (2) applies—

(a)if the act or omission is shown to have been in bad faith; or

(b)so as to prevent an award of damages made in respect of an act or omission on the ground that the act or omission was unlawful as a result of section 6(1) of the M1Human Rights Act 1998.

Modifications etc. (not altering text)

C3Sch. 1 para. 19 extended (1.12.2001) by S.I. 2001/3650, arts. 1(a), 24(6)

C6Sch. 1 para. 19 applied (11.2.2010) by The Cross-Border Payments in Euro Regulations 2010 (S.I. 2010/89), reg. 15

C7Sch. 1 para. 19 extended (9.2.2011 for certain purposes, otherwise 30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), regs. 1(2)(a)(xiii)(b), 61 (with art. 3)

C8Sch. 1 para. 19(1) applied (1.12.2001) by S.I. 1995/1537, reg. 23(1) (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 509(b)(i))

Marginal Citations

[F1[F119AU.K.For the purposes of this Act anything done by an accredited financial investigator within the meaning of the Proceeds of Crime Act 2002 who is—

(a)a member of the staff of the Authority, or

(b)a person appointed by the Authority under section 97, 167 or 168 to conduct an investigation,

must be treated as done in the exercise or discharge of a function of the Authority.]]

[F2Amounts required by rules to be paid to the AuthorityU.K.

Textual Amendments

19BU.K.Any amount (other than a fee) which is required by rules to be paid to the Authority may be recovered as a debt due to the Authority.]

Disqualification for membership of House of CommonsU.K.

20U.K.In Part III of Schedule 1 to the M2House of Commons Disqualification Act 1975 (disqualifying offices), insert at the appropriate place—

Member of the governing body of the Financial Services Authority

.

Marginal Citations

Disqualification for membership of Northern Ireland AssemblyU.K.

21U.K.In Part III of Schedule 1 to the M3Northern Ireland Assembly Disqualification Act 1975 (disqualifying offices), insert at the appropriate place—

Member of the governing body of the Financial Services Authority.

Marginal Citations

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