SCHEDULES
SCHEDULE 12Write-down orders
PART 5Consequential amendments
FSMA 2000
I18
FSMA 2000 is amended as follows.
I29
1
Section 348 (restrictions on disclosure of confidential information by FCA, PRA etc) is amended as follows.
2
After subsection (2) insert—
2A
Where the primary recipient is a person appointed under section 377G to act as the manager of a write-down order, subsection (2)(b) has effect as if the reference to the discharge of functions of the FCA, PRA or Secretary of State were to the functions of that person.
3
In subsection (5), after paragraph (d) insert—
da
a person appointed under section 377G to act as the manager of a write-down order;
I310
In section 429 (Parliamentary control of statutory instruments), in subsection (2B), after paragraph (c) insert—
d
provision made under paragraph 3(4) or 9(3) of Schedule 19B;
I411
In Schedule 1ZB (the PRA), in paragraph 33(2) (exemption from liability in damages), for “and 284” insert “, 284 and 377G”
.
I512Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
In Part 1 of Schedule 1 to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 (S.I. 2001/2188) (disclosure of confidential information whether or not subject to retained EU law restrictions), at the end of the table insert—
A person appointed under section 377G of the Act to act as the manager of a write-down order
That person’s functions in relation to the write-down order