PART 2U.K.Consequential amendments to FSMA 2000
2U.K.FSMA 2000 is amended as follows.
Commencement Information
I1Sch. 8 para. 2 in force at 29.8.2023, see s. 86(2)(c)
3U.K.In section 3D (duty of FCA and PRA to ensure co-ordinated exercise of functions), in subsection (4), after “operational objectives”, insert “, or the purpose for which the FCA must exercise its functions under Part 8B (see section 131U(1))”.
Commencement Information
I2Sch. 8 para. 3 in force at 29.8.2023, see s. 86(2)(c)
4U.K.In section 55H (variation by FCA at request of authorised person), in subsection (4), after “objectives” insert “, or the purpose for which the FCA must exercise its functions under Part 8B (see section 131U(1))”.
Commencement Information
I3Sch. 8 para. 4 in force at 29.8.2023, see s. 86(2)(c)
5U.K.In section 55L (imposition of requirements by FCA), in subsection (6), after “objectives” insert “, or the purpose for which the FCA must exercise its functions under Part 8B (see section 131U(1))”.
Commencement Information
I4Sch. 8 para. 5 in force at 29.8.2023, see s. 86(2)(c)
6U.K.In section 55T (persons whose interests are protected), after “operational objectives,” insert “the purpose for which the FCA must exercise its functions under Part 8B,”.
Commencement Information
I5Sch. 8 para. 6 in force at 29.8.2023, see s. 86(2)(c)
7U.K.In section 232A (ombudsman scheme operator’s duty to provide information to FCA), after “objectives,” insert “, or the purpose for which the FCA must exercise its functions under Part 8B (see section 131U(1)),”.
Commencement Information
I6Sch. 8 para. 7 in force at 29.8.2023, see s. 86(2)(c)
8U.K.In section 395 (the FCA’s and PRA’s procedures), in subsection (13), after paragraph (bbzb) insert—
“(bbzc)131W;”
Commencement Information
I7Sch. 8 para. 8 in force at 29.8.2023, see s. 86(2)(c)
9U.K.In section 429 (Parliamentary control of statutory instruments), in subsection (2), in the list of sections beginning with “90B” insert at the appropriate place “131O(7),”.
Commencement Information
I8Sch. 8 para. 9 in force at 29.8.2023, see s. 86(2)(c)