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Financial Services and Markets Act 2023
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There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 48.
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48(1)As soon as is reasonably practicable after making a share transfer instrument in respect of a CCP, the Bank must send a copy to—
(a)the CCP,
(b)the Treasury,
(c)if the CCP is a PRA-authorised person, the PRA,
(d)the FCA, and
(e)any other person specified in the code of practice under paragraph 16.
(2)As soon as is reasonably practicable after making share transfer instrument the Bank must publish a copy—
(a)on the Bank’s website,
(b)in at least one other medium chosen by the Bank to maximise the likelihood of the instrument coming to the attention of persons likely to be affected by it, and
(c)if securities of the CCP have been admitted to trading on a regulated market (within the meaning of section 103(1) of FSMA 2000), by means of a regulatory information service (within the meaning of section 313D of that Act),
and arrange for the publication of a copy on the website of the CCP in respect of which the instrument was made.
(3)Where the Treasury receive a copy of a share transfer instrument under sub-paragraph (1) they must lay a copy before Parliament.
Commencement Information
I1Sch. 11 para. 48 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 48 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)
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