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Financial Services Act 2012

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Financial Services Act 2012, Paragraph 8 is up to date with all changes known to be in force on or before 22 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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8(1)Section 7 (general conditions) is amended as follows.U.K.

(2)In subsection (1), for “FSA” substitute “ PRA ”.

(3)In subsection (2), omit the words from “(within” to the end.

(4)In subsection (4), for “FSA” substitute “ PRA ”.

(5)After that subsection insert—

(4A)The threshold conditions” means the threshold conditions, as defined by subsection (1) of section 55B of the Financial Services and Markets Act 2000, for which the PRA is treated as responsible under subsection (2) of that section.

(6)In subsection (5)—

(a)for “FSA” substitute “ PRA ”, and

(b)at the end of paragraph (a) insert—

(aa)the FCA,.

Commencement Information

I1Sch. 17 para. 8 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.

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