SCHEDULES

SCHEDULE 3Consequential amendments relating to Part 4

Financial Services and Markets Act 2000

3

(1)

Section 63 of FSMA 2000 (withdrawal of approval) is amended as follows.

(2)

In subsection (1A)(a), for “significant-influence function” substitute “ relevant senior management function ”.

(3)

For subsection (1B) substitute—

“(1B)

In subsection (1A) “relevant senior management function” means a function which the PRA is satisfied is a senior management function as defined in section 59ZA (whether or not the function has been designated as such by the FCA).”