There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 14.
14(1)Section 187 (de-recognition) is amended as follows.U.K.
(2)In subsection (2)—
(a)the words after “satisfied” become paragraph (a),
(b)after that paragraph insert “, or
(b)that the criteria in section 185A are met in respect of the recognised DSA service provider.”
(3)After subsection (3)(a) insert—
“(aa)in the case of a recognition order in respect of a DSA service provider, consult the FCA,”.
(4)In subsection (3)(b), after “system” insert “or the recognised DSA service provider (as appropriate)”.
(5)In subsection (4)(a), for “the operator of which” substitute “or a DSA service provider, where the operator of the system or the provider”.
(6)In subsection (4)(b), after “operator” insert “or provider”.
(7)In subsection (5), after “system” insert “, or by a recognised DSA service provider”.
Commencement Information
I1Sch. 6 para. 14 in force at 29.8.2023, see s. 86(2)(a)
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