SCHEDULES

SCHEDULE 10Minor amendments

Financial Services Act 2012

I1I210

1

Section 85 of the Financial Services Act 2012 (relevant functions in relation to complaints scheme) is amended as follows.

2

For subsection (2) substitute—

2

The relevant functions of the FCA or the PRA are—

a

its functions conferred by or under FSMA 2000, other than its legislative functions, and

b

such other functions as the Treasury may by order provide.

3

For subsection (3) substitute—

3

The relevant functions of the Bank of England are—

a

its functions under Part 18 of FSMA 2000 (recognised clearing houses) or under Part 5 of the Banking Act 2009 (inter-bank payment systems), other than its legislative functions, and

b

such other functions as the Treasury may by order provide.

4

In subsections (4) and (5), for “subsection (2)” substitute “ subsection (2)(a) ”.

5

In subsections (6) and (7), for “subsection (3)” substitute “ subsection (3)(a) ”.

6

After subsection (7) insert—

8

For the purposes of subsection (2), sections 1A(6) and 2A(6) of FSMA 2000 do not apply.