The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019

Valid from 31/12/2020

PART 7 U.K.Offences

Offence of misleading FCAU.K.

21.  Section 398(1) of the Act M1 (misleading FCA or PRA: residual cases) applies in respect of a requirement to provide information under—

(a)these Regulations,

(b)the Act as applied by these Regulations, and

(c)the CRA Regulation,

as it applies in respect of a requirement falling within subsection (1A) of that section.

Commencement Information

I1Reg. 21 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M12000 c. 8. Section 398 is amended by paragraph 36 of Schedule 9 to the Financial Services Act 2012 (c. 21), S.I. 2013/1773, S.I. 2015/1882, S.I. 2016/680, S.I. 2017/701, S.I. 2018/135 and S.I. 2018/698.

Offences by bodies corporateU.K.

22.  Section 400 of the Act M2 (offences by bodies corporate etc.) applies in respect of an offence under—

(a)section 177 of that Act (as applied by regulation 18), and

(b)section 398 of that Act (as applied by regulation 21),

as it applies in respect of an offence under that Act.

Commencement Information

I2Reg. 22 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M22000 c. 8. Section 400 is amended by paragraph 37 of Schedule 9 to the Financial Services Act 2012 (c. 21).

Proceedings for offencesU.K.

23.  Section 401 of the Act M3 (proceedings for offences) applies in respect of an offence under—

(a)section 177 of that Act (as applied by regulation 18),

(b)section 398 of that Act (as applied by regulation 21), and

(c)section 400 of that Act (as applied by regulation 22),

as it applies in respect of an offence under that Act.

Commencement Information

I3Reg. 23 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M3Amended by paragraph 38 of Schedule 9 to the Financial Services Act 2012 (c. 21), S.I. 2013/1881 and S.I. 2016/1239.