[F1[F2138S.Application of Chapters 1 and 2U.K.
(1)The sections listed in subsection (2) apply, subject to the modifications specified in that subsection, to—
(a)technical standards made by the FCA or the PRA as they apply to rules made by the FCA or the PRA;
(b)technical standards made by the Bank of England, as they apply to rules made by the Bank under this Act in accordance with paragraph 10(1), (3) and (4) of Schedule 17A to this Act.
(2)The sections referred to in subsection (1) are—
(a)section 137T (general supplementary powers), as if—
(i)the reference in paragraph (a) to authorised persons were a reference to persons,
(ii)the reference in paragraph (b) to rules included a reference to technical standards;
(b)section 138C (evidential provisions);
(c)section 138E (limit on effect of contravening rules);
(d)section 138F (notification of rules);
(e)section 138H (verification of rules), treating the reference in subsection (2)(c) to section 138G(4) of the Act as a reference to section 138Q(4);
(f)section 138I (consultation by the FCA), as if—
(i)subsection (1)(a) were omitted, and
(ii)references to making rules were references to submitting a standards instrument to the Treasury for approval;
(g)section 138J (consultation by the PRA), as if—
(i)subsection (1)(a) were omitted, and
(ii)references to making rules were references to submitting a standards instrument to the Treasury for approval;
(h)section 138K (consultation: mutual societies);
[F3(i)section 138L (consultation: general exemptions), as if—
(i)in subsection (1), for “425A” there were substituted “1G”;
(ii)references to making rules were references to submitting a standards instrument to the Treasury for approval.]]]
Textual Amendments
F1Pt. 9A substituted for ss. 138-164 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 24(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
F2Pt. 9A Ch. 2A inserted (26.10.2018) by The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 7(8)
F3S. 138S(2)(i) substituted (6.9.2019) by The Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/1212), regs. 1(2), 2(2)