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Financial Services and Markets Act 2000
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- UK Public General Acts
- 2000 c. 8
- Part 18A
- Section 313BD
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Changes over time for: Section 313BD
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- 09/04/2010- Amendment
- 31/12/2020
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[F1[F2313BDRevocation of requirements: applications by issuersU.K.
This section has no associated Explanatory Notes
(1)This section applies where the [F3FCA] has imposed a requirement on an institution or a class of institutions under section 313A.
(2)The issuer of the financial instrument may apply to the [F3FCA] for the revocation of the requirement.
(3)The [F3FCA] must decide whether to revoke the requirement.
(4)In the case of a requirement imposed on a class of institutions, the [F3FCA] may decide to revoke it in relation to—
(a)the class;
(b)the class apart from one or more specified members of it; or
(c)one or more specified members of the class only.
(5)The [F3FCA] must give the issuer a warning notice if—
(a)in the case of a requirement imposed on an institution, the [F3FCA] proposes not to revoke the requirement, or
(b)in the case of a requirement imposed on a class, the [F3FCA] proposes not to revoke the requirement or to revoke it in relation to—
(i)the class apart from one or more specified members of it, or
(ii)one or more specified members of the class only.]]
Textual Amendments
F1Pt. 18A inserted (1.4.2007 for certain purposes and 1.11.2007 otherwise) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(3), Sch. 3 para. 1
F2Ss. 313BA-313BE inserted (9.4.2010) by The Financial Services and Markets Act 2000 (Amendments to Part 18A etc.) Regulations 2010 (S.I. 2010/1193), reg. 4
F3Word in Pt. 18A substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 36(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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