The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Board’s power of intervention

324.  For subsections (5) to (8) of section 52(1) of the Courts and Legal Services Act 1990 substitute—

“(5) Subsection (6) applies to an authorised practitioner who—

(a) has permission under any provision of the Financial Services and Markets Act 2000 to carry on a regulated activity; or

(b) is an appointed representative of a person with such permission;

and “regulated activity” and “appointed representative” have the meaning given in that Act.

(6) In relation to an authorised practitioner to whom this subsection applies, the powers of intervention may be exercised only after consultation with the Financial Services Authority.”.

(1)

Section 52(6) was amended by the Bank of England Act 1998 (c. 11), Schedule 5, paragraph 41(3)(b).