There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 9.
9(1)Section 55X (determination of applications: warning notices and decision notices) is amended as follows.U.K.
(2)In subsection (1)—
(a)omit “or” at the end of paragraph (d);
(b)after paragraph (e) insert—
“(f)to give permission under section 55NA but to exercise its power under subsection (4)(b) of that section, or
(g)to vary permission under section 55NA on the application of an authorised person but to exercise its power under subsection (4)(b) of that section,”.
(3)In subsection (4)—
(a)omit “or” at the end of paragraph (e);
(b)after that paragraph insert—
“(ea)to give permission under section 55NA but to exercise its power under subsection (4)(b) of that section,
(eb)to vary permission under section 55NA on the application of an authorised person but to exercise its power under subsection (4)(b) of that section, or”.
Commencement Information
I1Sch. 5 para. 9 not in force at Royal Assent, see s. 86(3)
I2Sch. 5 para. 9 in force at 6.9.2023 for specified purposes by S.I. 2023/936, reg. 2(1)(a)(2)(b)(ii)
I3Sch. 5 para. 9 in force at 6.11.2023 for specified purposes by S.I. 2023/936, reg. 2(1)(b)(2)(b)(ii)(4)
I4Sch. 5 para. 9 in force at 7.2.2024 in so far as not already in force by S.I. 2023/936, reg. 2(3)
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