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.