Point in time view as at 31/12/2024.
There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 140.
140(1)Sections 389, 390 and 392 to 394 of FSMA 2000 apply in relation to a warning notice given under paragraph 138, a decision notice given under paragraph 139 and the Bank as they apply in relation to a warning notice or decision notice given under that Act and the regulator which gave that notice, subject to sub-paragraphs (2) to (4).
(2)Section 389 of that Act has effect as if subsection (2) were omitted.
(3)Section 390 has effect as if—
(a)in subsection (2A), in paragraph (a), for “133(6)(b)” there were substituted “133(5)(b)”,
(b)in that paragraph, for “133(6)” there were substituted “133(5)”,
(c)for subsection (4) there were substituted—
“(4)A final notice about a direction under paragraph 136(1)(c) or (3)(c) of Schedule 11 to the Financial Services and Markets Act 2023 or a prohibition under paragraph 136(1)(d) of that Schedule must—
(a)specify the conduct to which the direction relates or the extent of the prohibition, and
(b)give details of the date on which the direction or prohibition has effect.”
(4)Section 392 has effect as if for paragraphs (a) and (b) there were substituted—
“(a)a warning notice given under paragraph 138 of Schedule 11 to the Financial Services and Markets Act 2023;
(b)a decision notice given under paragraph 139 of Schedule 11 to the Financial Services and Markets Act 2023.”
Commencement Information
I1Sch. 11 para. 140 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 140 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
