Financial Services and Markets Act 2000

[F1 312E Public censure U.K.

(1) If the appropriate regulator considers that a recognised body [F2 or data reporting service provider] has contravened a relevant requirement imposed on the body [F3 or provider], it may publish a statement to that effect.

F4 (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) Where the FCA is the appropriate regulator, a requirement is a “relevant requirement” for the purposes of this Chapter if it is—

(a) a requirement that is imposed by or under any provision of this Part that relates to a recognised investment exchange [F5 or data reporting service provider],

(b) a requirement that is imposed under any other provision of this Act by the FCA that relates to a recognised investment exchange,

(c) a requirement that is imposed by a [F6 qualifying provision] specified, or of a description specified, for the purposes of this subsection by the Treasury by order, or

(d) a requirement that is imposed by this Act and whose contravention constitutes an offence that the FCA has power to prosecute under this Act (see section 401).

(3) Where the Bank of England is the appropriate regulator, a requirement is a “relevant requirement” for the purposes of this Chapter if it is—

(a) a requirement that is imposed by or under any provision of this Part that relates to a recognised clearing house [F7 , third country central counterparty or a recognised CSD],

(b) a requirement that is imposed under any other provision of this Act by the Bank,

(c) a requirement that is imposed by [F8 or under] a [F9 qualifying provision] specified, or of a description specified, for the purposes of this subsection by the Treasury by order, or

(d) a requirement that is imposed by this Act and whose contravention constitutes an offence that the Bank has power to prosecute under this Act (see section 401, as applied by paragraph 31 of Schedule 17A).]

[F10 (4) In this Chapter “data reporting service provider” has the meaning given by regulation 2 of the [F11 Data Reporting Services Regulations 2024].]

Textual Amendments

F1 Pt. 18 Ch. 3B inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 33, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.

F2 Words in s. 312E(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(5)(a)(i), 86(3); S.I. 2023/779, reg. 4(g)

F3 Words in s. 312E(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(5)(a)(ii), 86(3); S.I. 2023/779, reg. 4(g)

F4 S. 312E(1A) omitted (31.12.2020) by virtue of The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 8(2)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F5 Words in s. 312E(2)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(5)(b), 86(3); S.I. 2023/779, reg. 4(g)

F6 Words in s. 312E(2)(c) substituted (31.12.2020) by The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 8(2)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F7 Words in s. 312E(3)(a) substituted (31.12.2020) by The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 8(2)(c)(i) (as substituted by S.I. 2020/646, regs. 1(2)(c), 11(2) (with savings in S.I. 2019/680, reg. 11 as amended by S.I. 2020/646, reg. 12))

F8 Words in s. 312E(3)(c) inserted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(27)(b)(ii) (with regs. 7(4), 9(1))

F9 Words in s. 312E(3)(c) substituted (31.12.2020) by The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 8(2)(c)(ii) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F10 S. 312E(4) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 11(5)(c), 86(3); S.I. 2023/779, reg. 4(g)

F11 Words in s. 312E(4) substituted (5.4.2024) by The Data Reporting Services Regulations 2024 (S.I. 2024/107), regs. 1(2), 31; S.I. 2023/1382, reg. 4(c)

Modifications etc. (not altering text)

C1 Ss. 312E-312I restricted (1.4.2013) by The Financial Services Act 2012 (Transitional Provisions) (Enforcement) Order 2013 (S.I. 2013/441), arts. 1(1), 13

C2 S. 312E applied (with modifications) (13.7.2016) by The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016 (S.I. 2016/715), regs. 1(2), 13

C3 S. 312E applied (with modifications) (7.12.2018) by The Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1320), regs. 1(2), 26(3) (as amended (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 10(b))