Financial Services and Markets Act 2023

43 U.K. In section 98 (duty of regulators to ensure co-ordinated exercise of functions), for paragraph (c) of subsection (5) substitute—

“(c) in relation to the FCA—

(i) the functions conferred on it by or under FSMA 2000 (see section 1A(6) of that Act);

(ii) the functions conferred on it by or under Part 3 of the Payment Card Interchange Fee Regulations 2015 (S.I. 2015/1911);

(iii) the functions conferred on it by or under the Electronic Money Regulations 2011 (S.I. 2011/99);

(iv) its functions in regulating—

(a) credit institutions where authorised under Part 4A of FSMA 2000, or

(b) authorised payment institutions under the Payment Services Regulations 2017 (S.I. 2017/752).”

Commencement Information

I1 Sch. 6 para. 43 in force at 29.8.2023, see s. 86(2)(a)