SCHEDULES

SCHEDULE 23 Consequential Amendments of the Financial Services Act 1986

Part I General Amendments

2

1

Section 48 of the Financial Services Act 1986 (conduct of business rules) is amended as follows.

2

In subsection (1) omit the words “members of a recognised self-regulating organisation or” and “organisation or”.

3

After subsection (10) insert—

11

Section 63A below (application of designated rules) has effect as regards the application of rules under this section to members of recognised self-regulating organisations in respect of investment business in the carrying on of which they are subject to the rules of the organisation.