SCHEDULE 2Amendments of subordinate legislation

The Electronic Commerce Directive (Financial Services and Markets) Regulations 200277

1

The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002130 are amended as follows.

2

In regulation 2 (interpretation), in the definition of “the Authority” for “Financial Services Authority” substitute “Financial Conduct Authority”.

3

In the heading to Part 2, for “Financial Services Authority” substitute “Financial Conduct Authority”.

4

In regulation 3 (consumer contract requirements: modification of rule-making powers)—

a

in paragraph (1), for “section 138” substitute “section 137A”;

b

in paragraph (2)(a), for “138(4), (5) and (7) to (9), 148, 150 and 156” substitute “137A(3) and (4), 137T, 138A and 138D”;

c

omit paragraph (3);

d

in paragraphs (4), (4A) and (7), for “the Authority under section 138” substitute “the Authority under section 137A”.

5

In regulation 6(4) (direction)—

a

for “in subsection (3) of section 48” substitute “in subsection (4) of section 55P”;

b

for “section 45” substitute “section 55L”.

6

In regulation 7 (policy conditions), in paragraph (a)(i)(cc) for “regulatory objectives set out in Part 1 of the 2000 Act” substitute “Authority’s operational objectives (as specified by section 1B(3) of the 2000 Act)”.

7

In regulation 12 (application of certain provisions of the 2000 Act)—

a

in paragraph (2)—

i

for “sections 380,” substitute “sections 1L, 380,”;

ii

omit “, paragraph (6) of Schedule 1131 to,”;

b

in paragraph (4), for “sections 132 and 133” substitute “sections 133 and 133A”.