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

Requests for assistance by overseas regulatory authorities

76.—(1) Section 82 of the Companies Act 1989 (requests for assistance by overseas regulatory authorities) is amended as follows.

(2) In subsection (2), for paragraph (a)(1) substitute—

“(a) any function corresponding to—

(i) any function of the Secretary of State under the Companies Act 1985;

(ii) any function of the Financial Services Authority under the Financial Services and Markets Act 2000;

(iii) any function exercised by the competent authority under Part VI of that Act in relation to the listing of shares;”.

(3) In subsection (3), for “he is” substitute “he and the Financial Services Authority are”.

(4) In subsection (5)(2), in the definition of “banking supervisor”, for “under the Banking Act 1987” substitute “in relation to authorised persons with permission under the Financial Services and Markets Act 2000 to accept deposits”.

(5) After that subsection, insert—

“(5A) In subsection (5), “authorised person” has the meaning given in the Financial Services and Markets Act 2000 and the references to deposits and their acceptance must be read with—

(a) section 22 of that Act;

(b) any relevant order under that section; and

(c) Schedule 2 to that Act.”.

(1)

Amended by the Bank of England Act 1998 (c. 11) Schedule 5 paragraph 66(2)(a).

(2)

Amended by the Bank of England Act 1998 (c. 11) Schedule 5 paragraph 66(2)(b)(i).