SCHEDULE 2 Amendments to the Financial Services and Markets Act 2000

Amendments to Part 4A (permission to carry on regulated activities)

4.  After section 55K(1)(d)(1) (investment firms: particular conditions that enable cancellation) insert—

“;

(e) that the firm has seriously or systematically infringed the markets in financial instruments regulation.”.

(1)

Section 55K was inserted by section 11(2) of the Financial Services Act 2012.