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Bank of England and Financial Services Act 2016

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Point in time view as at 18/07/2019.

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Bank of England and Financial Services Act 2016, Paragraph 22 is up to date with all changes known to be in force on or before 30 November 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. Help about Changes to Legislation

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22(1)The Financial Services (Banking Reform) Act 2013 is amended as follows.U.K.

(2)Omit section 18(4) (which inserts the subsections substituted or omitted by paragraph 2).

(3)Omit section 20(3) (which inserts the subsection omitted by paragraph 4(4)).

(4)Omit section 23(6) (which inserts the subsections omitted by paragraph 6(4)).

(5)Omit section 33 (which inserts the section omitted by paragraph 18).

(6)For section 37(8) (interpretation) substitute—

“(8)Senior management function” means—

(a)a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) of FSMA 2000 which is designated as a senior management function by the FCA under section 59(6A) of that Act;

(b)a function of a description specified in rules made by the PRA under section 59(3)(a) of that Act.”

(7)Omit section 136(2)(a) (which inserts the words omitted by paragraph 21).

Commencement Information

I1Sch. 4 para. 22 in force at 13.9.2018 for specified purposes by S.I. 2018/990, reg. 2(1)(2) (with regs. 3-6)

I2Sch. 4 para. 22 in force at 10.12.2018 for specified purposes by S.I. 2018/990, reg. 2(1)(3) (with regs. 3-6)

I3Sch. 4 para. 22 in force at 18.7.2019 for specified purposes by S.I. 2019/1136, reg. 2(2)

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