SCHEDULEMinor and consequential amendments to primary and secondary legislation
PART 1Consequential amendments to primary legislation
Financial Services Act 201217
1
The Financial Services Act 2012 M1 is amended as follows.
2
In section 68 (cases in which Treasury may arrange independent inquiries), in subsection (3)—
a
in paragraph (a) for “or a recognised inter-bank payment system” substitute “
, a recognised inter-bank payment system or a recognised CSD
”
;
b
in paragraph (b)(i) after “clearing houses” insert “
or central securities depositories
”
.
3
In section 83 (interpretation and supplementary provision), in subsection (1), insert at the appropriate place—
“recognised CSD” has the same meaning as in FSMA 2000;
4
In section 85 (relevant functions in relation to complaints scheme), in subsection (3)(a), after “clearing houses” insert “
and CSDs
”
.
5
In section 110 (payment to Treasury of penalties received by Bank of England), in subsection (5)(b)—
a
for “and 312F” insert “
, 312F and 312FA
”
;
b
after “in relation to clearing houses” insert “
and central securities depositories
”
.