PART 4 U.K. References and applications to a tribunal

Hearings and appeals before the Upper Tribunal U.K.

16.—(1) The following provisions of the Act apply in respect of a reference to the Upper Tribunal under—

(a) regulation 15, or

(b) the CRA Regulation M1 ,

as they apply in respect of such a reference under that Act.

(2) The provisions are—

(a) section 133 (proceedings before Tribunal: general provision) M2 as if, in subsection (7A), after paragraph (o), there were inserted—

“(p) a decision to impose a penalty under regulation 7 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019 (financial penalties);

(q) a decision to publish a statement under regulation 10 of those Regulations (public censure).”;

(b) section 133A (proceedings before Tribunal: decision and supervisory notices, etc) M3 ;

(c) section 133B (offences) M4 .

Commencement Information

I1 Reg. 16 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1 See Article 18A of the CRA Regulation (inserted by regulation 75).

M2 Substituted by S.I. 2010/22 and amended by section 23(2) of the Financial Services Act 2012 (c. 21), paragraph 83 of Schedule 9 to the Crime and Courts Act 2013 (c. 22), section 4(2) of the Financial Services (Banking Reform) Act 2013 (c. 33), S.I. 2013/1388, S.I. 2014/3329, S.I. 2016/680 and S.I. 2017/1064.

M3 Inserted by S.I. 2010/22 and amended by section 23(3) of the Financial Services Act 2012 (c. 21).

M4 Inserted by S.I. 2010/22 and amended by section 23(4) of the Financial Services Act 2012 (c. 21).