Prospective
27(1)Article 50D (FCA rules) is amended as follows.U.K.
(2)In paragraph 1—
(a)for “Article 46(6B) or 48A” substitute “this Regulation”;
(b)for “modification in paragraph 3” substitute “modifications in paragraphs 2A and 3”.
(3)In paragraph 2(b) after “damages)” insert “and section 138EA (matters to consider when making rules)”.
(4)After paragraph 2 insert—
“2A.In its application to rules made under Article 31, section 138I has effect as if the reference to the PRA in subsection (1)(a) were a reference to the Bank of England.”
(5)In paragraph 3, for the words after “authorised persons” substitute “included a reference to persons who are not authorised persons but to whom any of the rules made by the FCA under this Regulation apply”.
Commencement Information
I1Sch. 2 para. 27 not in force at Royal Assent, see s. 86(3)