Application of Part 27 of the FSMA (offences)
This section has no associated Explanatory Memorandum
38.—(1) Part 27 of the FSMA applies with respect to the discharge by the FCA of its functions under—
(a)that Act as applied by this Part;
(b)this Part; and
(c)the SFT regulation,
as it applies with respect to the discharge by it of its functions under the FSMA but with the following modifications.
(2) In section 398, in subsection (1A), after paragraph (i) insert—
“(j)the Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019;
(k)the SFT regulation.”.