- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (22/07/2013)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 31/12/2020
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Financial Services and Markets Act 2000, Section 169A is up to date with all changes known to be in force on or before 23 December 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.
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(1)At the request of an overseas regulator, the [F2PRA] may exercise a corresponding section 165A power.
(2)An “overseas regulator” means an authority in a country or territory outside the United Kingdom which exercises functions with respect to the stability of the financial system operating in that country or territory.
(3)A “corresponding section 165A power” means a power corresponding to the one conferred by section 165A, but reading references in that section to the stability of the UK financial system as references to the stability of the financial system operating in the country or territory of the overseas regulator.
(4)The following provisions apply in relation to the exercise of the corresponding section 165A power—
(a)section 165B(1) to (5); and
(b)section 169(3), (4)(a) and (d), (5) and (6).
(5)In this section “the financial system” includes—
(a)financial markets and exchanges;
(b)activities that would be regulated activities if carried on in the United Kingdom; and
(c)other activities connected with financial markets and exchanges.]
Textual Amendments
F1S. 169A inserted (8.6.2010) by Financial Services Act (c. 28), {ss. 18(3)}, 26(2)
F2Word in s. 169A(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 12 para. 10 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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