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Financial Services and Markets Act 2023
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- UK Public General Acts
- 2023 c. 29
- SCHEDULE 11
- PART 6
- Paragraph 119
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- 31/12/2023- Amendment
- 06/11/2023
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Valid from 31/12/2023
InformationU.K.
This section has no associated Explanatory Notes
119(1)This paragraph applies only to information and documents reasonably required in connection with the exercise by the Bank of functions conferred by or under this Schedule.
(2)The Bank may, by notice in writing given to a CCP or CCP group company, require the CCP or CCP group company—
(a)to provide specified information or information of a specified description, or
(b)to produce specified documents or documents of a specified description.
(3)The information or documents must be provided or produced—
(a)before the end of such reasonable period as may be specified, and
(b)at such place as may be specified.
(4)An officer who has written authorisation from the Bank to do so may require a CCP or CCP group company without delay—
(a)to provide the officer with specified information or information of a specified description, or
(b)to produce to the officer specified documents or documents of a specified description.
(5)The Bank may require any information provided under this paragraph to be provided in such form as it may reasonably require.
(6)The Bank may require—
(a)any information provided, whether in a document or otherwise, to be verified in such manner, or
(b)any document produced to be authenticated in such manner,
as it may reasonably require.
(7)The powers conferred by sub-paragraphs (2) and (4) may also be exercised by the Bank to impose requirements on a person who is connected with a CCP.
(8)“Officer” means an officer of the Bank, and includes a member of the Bank’s staff or an agent of the Bank.
(9)“Specified” means—
(a)in sub-paragraphs (2) and (3), specified in the notice, and
(b)in sub-paragraph (4), specified in the authorisation.
(10)For the purposes of this paragraph, a person is connected with a CCP if that person is or has at any relevant time been—
(a)a member of that CCP’s group,
(b)a controller of that CCP (within the meaning of section 422 of FSMA 2000), or
(c)in relation to that CCP, a person mentioned in Part 1 of Schedule 15 to FSMA 2000 (reading references in that Part to the authorised person as references to the CCP).
Commencement Information
I1Sch. 11 para. 119 not in force at Royal Assent, see s. 86(3)
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