The Financial Services Act 2012 (Consequential Amendments) Order 2013

Finance Act 2011

15.—(1) Schedule 19 (the bank levy) to the Finance Act 2011(1) is amended as follows.

(2) In paragraph 30(2)(a) (excluded “equity” and liabilities), for “FSA Handbook” substitute “PRA Handbook”.

(3) In paragraph 31(4) (excluded “equity” and liabilities), for each occurrence of “FSA Handbook” substitute “PRA Handbook”.

(4) In paragraph 33(4) (excluded “equity” and liabilities), in the definition of “unallocated surplus”, for “Financial Services Authority” substitute “Prudential Regulation Authority”.

(5) In paragraph 38(3) (excluded “equity” and liabilities)—

(a) in paragraph (a), for “section 139(1) of FISMA 2000 (rules relating to handling of money)” substitute “section 137B of FISMA 2000 (FCA general rules: clients’ money, right to rescind etc.)”, and

(b) in paragraph (b), for “section 139 of that Act” substitute “section 137B of that Act”.

(6) In paragraph 70(definitions)—

(a) in sub-paragraph (1)—

(i) omit the definition of “the FSA Handbook”,

(ii) in the definition of “high quality liquid asset”, for “section BIPRU 12.7.2(1) to (4) of the FSA Handbook” substitute “section 12.7.2(1) to (4) of the Prudential Sourcebook for Banks, Building Societies and Investment Firms made by the Prudential Regulation Authority”, and

(iii) after the definition of “permanent establishment” insert—

““the PRA Handbook” means the Handbook made by the Prudential Regulation Authority under FISMA 2000 (as that Handbook has effect from time to time);”,

(b) in sub-paragraph (2), for “FSA Handbook” substitute “PRA Handbook”, and

(c) in sub-paragraph (4), for “section 148” substitute “section 138A”.

(7) In paragraph 81(1)(b) (power to make consequential changes), for “FSA Handbook” substitute “PRA Handbook”.

(1)

2011 c.11.