SCHEDULE 2Amendments of subordinate legislation
The Bankruptcy (Financial Services and Markets Act 2000) (Scotland) Rules 200161
In the Bankruptcy (Financial Services and Markets Act 2000) (Scotland) Rules 2001115—
a
in rule 2 (interpretation), after the definition of “individual” insert—
“the regulator” in relation to an individual means—
- a
if the individual is a PRA-authorised person, or was carrying on a PRA-regulated activity in contravention of the general prohibition, the FCA or the PRA,
- b
in any other case, the FCA,
and terms used in this definition which are defined in the Act have the meaning given in the Act.
b
in rule 3 (form of demand)—
i
in paragraphs (a) and (e), for “Authority’s” substitute “regulator’s”;
ii
in paragraph (f)(i), for “Authority” substitute “regulator”;
c
in rule 5(2) (application to set aside a demand), for “Authority” substitute “regulator”.