C1C2C3 Part V Performance of Regulated Activities
Pt. 5 modified (7.11.2018) by The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1149), regs. 1(2), 23 (with regs. 4, 22, 26(1)(2)) (as amended (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 6(2))
Pt. 5 modified by S.I. 2018/1149, reg. 69 (as inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 4)
F1Conduct of approved persons and others
Ss. 64A, 64B and cross-heading inserted (25.7.2014 for specified purposes, 7.3.2016 for specified purposes) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 30(3), 148(5); S.I. 2014/1819, art. 2(2)(c); S.I. 2015/490, art. 2(1)(d) (as inserted by S.I. 2015/2055, art. 2(4) and with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))
64CF2Requirement for F3relevant authorised persons to notify regulator of disciplinary action
1
If—
b
the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section,
the F5relevant authorised person must notify that regulator of that fact.
2
“Disciplinary action”, in relation to a person, means any of the following—
a
the issuing of a formal written warning;
b
the suspension or dismissal of the person;
c
the reduction or recovery of any of the person's remuneration.
3
“The appropriate regulator” means—
a
in relation to F6relevant authorised persons that are PRA-authorised persons, the FCA or the PRA;
b
in relation to any other F7relevant authorised persons, the FCA.
4
“Relevant person” has the same meaning as in section 64B.
5
F8For the meaning of “relevant authorised person”, see section 71A.
Pt. 5 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a), 128(3)(a) (with art. 23(2))