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Financial Services Act 2021
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- UK Public General Acts
- 2021 c. 22
- SCHEDULE 1
- PART 1
- Paragraph 35
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Financial Services Act 2021, Paragraph 35 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule 1 Paragraph 35:
- specified provision(s) amendment to earlier commencing S.I. 2021/671, reg. 5 by S.I. 2021/1163 reg. 2
This section has no associated Explanatory Notes
35(1)Article 304(5) (treatment of clearing members' exposure to clients) is amended as follows.U.K.
(2)In the first subparagraph, for “The FCA and the PRA may each” substitute “ The PRA may ”.
(3)In the second subparagraph, for “the FCA or the PRA (as the case may be)” substitute “ the PRA ”.
Commencement Information
I1Sch. 1 para. 35 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)
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