[F1333IMonitoring of compliance with standards by designated guidance providersU.K.
(1)The FCA must maintain arrangements for monitoring compliance by designated guidance providers with the standards set under section 333H.
(2)Sections 165 and 167 apply for the purpose of enabling the FCA to monitor compliance but as if—
(a)references to an authorised person or a former authorised person (other than in section 165(11)(d)) were references to a designated guidance provider or a former designated guidance provider;
(b)section 165(7)(b) to (d) were omitted;
(c)the reference in section 167(5A)(b) to the FCA or the PRA were a reference to the FCA.
(3)Section 175 applies as if a power that the FCA or an investigator has by virtue of subsection (2) were a power under Part 11.
(4)Section 177 applies as if a requirement imposed by virtue of subsection (2) were a requirement imposed under Part 11.
(5)References in a provision of Part 11 to section 165, 167, 175 or 177 include the relevant section as applied with modifications by this section.]
Textual Amendments
F1Pt. 20A inserted (3.3.2015) by Pension Schemes Act 2015 (c. 8), s. 89(1)(a), Sch. 3 para. 2 (with s. 87, Sch. 3 para. 18(1))