There are outstanding changes not yet made by the legislation.gov.uk editorial team to Financial Services and Markets Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.
(1)The relevant regulators must prepare and maintain a memorandum which describes in general terms—
(a)the role of the relevant regulators in relation to the exercise of functions conferred by or under this Chapter, and
(b)how they intend to comply with section 312U in relation to the exercise of such functions.
(2)The relevant regulators must review the memorandum at least once in each calendar year.
(3)The relevant regulators may revise a memorandum under this section.
(4)The relevant regulators must give the Treasury a copy of the memorandum and any revised memorandum.
(5)The Treasury must lay before Parliament a copy of any document received by them under this section.
(6)The relevant regulators must ensure that the memorandum as in force for the time being is published in the way appearing to them to be best calculated to bring it to the attention of the public.
(7)The memorandum need not relate to any aspect of compliance with section 312U if the relevant regulators consider—
(a)that publication of information about that aspect would be against the public interest, or
(b)that aspect is a technical or operational matter not affecting the public.]
Textual Amendments
F1Pt. 18 Ch. 3C inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 18(3), 86(3); S.I. 2023/779, reg. 4(m)
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
