Source: http://www.legislation.gov.uk/cy/ukpga/2012/21/contents/enacted
Timestamp: 2020-01-26 20:35:32
Document Index: 70318640

Matched Legal Cases: ['ART 1', 'art 6', 'art 6', 'ART 3', 'art 21', 'art 3', 'ART 4', 'art 4', 'ART 5', 'ART 6', 'ART 7', 'art 7', 'ART 8', 'art 3', 'ART 1', 'ART 2', 'art 3', 'art 3', 'ART 1', 'ART 2', 'ART 3', 'ART 4', 'art 13', 'art 13', 'art 13', 'art 13', 'art 13', 'art 5', 'art 7', 'ART 2', 'ART 3', 'art 8', 'ART 4', 'art 14', 'ART 5', 'ART 6', 'ART 8', 'art 15', 'arts 11', 'ART 1', 'art 11', 'ART 2', 'art 23', 'art 22', 'art 24', 'art 24', 'art 24', 'art 2', 'ART 1', 'art 1', 'art 1', 'art 4', 'ART 2', 'art 2', 'art 2', 'art 4', 'ART 3', 'art 3', 'art 3', 'ART 4', 'arts 4', 'arts 4', 'art 5', 'ART 1', 'art 6', 'art 17', 'ART 2', 'ART 3', 'ART 4', 'ART 5', 'art 5', 'ART 1', 'ART 2']

Slip Cywiro - 07/06/2013
PART 1 Bank of England
1.Deputy Governors
2.The Bank's financial stability objective
3.Oversight Committee
4.Financial stability strategy and Financial Policy Committee
5.Further amendments relating to Bank of England
6.The new Regulators
7.Extension of scope of regulation
8.Orders under section 22 of FSMA 2000
9.Designation of activities requiring prudential regulation by PRA
10.Appointed representatives
11.Permission to carry on regulated activities
12.Passporting: exercise of EEA rights and Treaty rights
13.Prohibition orders
14.Approval for particular arrangements
15.Further amendments relating to performance of regulated activities
16.FCA to exercise functions under Part 6 of FSMA 2000
17.Discontinuance or suspension at the request of the issuer: procedure
18.Listing rules: disciplinary powers in relation to sponsors
19.Primary information providers
20.Penalties for breach of Part 6 rules
21.Repeal of competition scrutiny power
22.Control of business transfers
23.Proceedings before Tribunal
24.Rules and guidance
25.Functions relating to short selling
26.Control over authorised persons
27.Powers of regulators in relation to parent undertakings
28.Exemption for recognised investment exchanges and clearing houses
29.Powers in relation to recognised investment exchanges and clearing houses
30.Recognition requirements: power of FCA and Bank to make rules
31.Additional power to direct UK clearing houses
32.Recognised bodies: procedure for giving directions under s.296 etc
33.Power to take disciplinary measures against recognised bodies
34.Repeal of special competition regime
35.Sections 28 to 34: minor and consequential amendments
36.Suspension and removal of financial instruments from trading
37.Discipline and enforcement
38.The Financial Services Compensation Scheme
39.The financial ombudsman service
40.Lloyd's
41.Information, investigations, disclosure etc.
42.Auditors and actuaries
43.Provisions about consumer protection and competition
44.Insolvency
Miscellaneous amendments of FSMA 2000
45.The consumer financial education body
46.Members of the professions
47.International obligations
48.Interpretation of FSMA 2000
49.Parliamentary control of statutory instruments
PART 3 Mutual societies
50.Mutual societies: power to transfer functions
51.Further provision that may be included in orders under section 50
52.Power to apply or disapply provision made by or under FSMA 2000
53.Evidence
54.Repeals in Part 21 of FSMA 2000
55.Building societies: creation of floating charges
56.Power to direct transfer of building society's business
57.Interpretation of Part 3
PART 4 Collaboration between Treasury and Bank of England, FCA or PRA
58.Duty of Bank to notify Treasury of possible need for public funds
59.Duty of Bank to notify Treasury of changes
60.Circumstances in which Treasury power of direction exercisable
61.Treasury power of direction
62.Directions under section 61: supplementary provisions
63.Duty to lay direction etc before Parliament
64.Duty of Treasury, Bank and PRA to co-ordinate discharge of functions
65.Memorandum of understanding: crisis management
66.Memorandum of understanding: international organisations
67.Interpretation of Part 4
PART 5 Inquiries and investigations
68.Cases in which Treasury may arrange independent inquiries
69.Power to appoint person to hold an inquiry
70.Powers of appointed person and procedure
71.Conclusion of inquiry
72.Obstruction and contempt
73.Duty of FCA to investigate and report on possible regulatory failure
74.Duty of PRA to investigate and report on possible regulatory failure
75.Interpretation of section 74
76.Modification of section 74 in relation to Lloyd's
77.Power of Treasury to require FCA or PRA to undertake investigation
78.Conduct of investigation
79.Conclusion of investigation
80.Statements of policy
81.Publication of directions
82.Publication of reports of inquiries and investigations
83.Interpretation and supplementary provision
PART 6 Investigation of complaints against regulators
84.Arrangements for the investigation of complaints
85.Relevant functions in relation to complaints scheme
86.Consultation in relation to, and publication of, complaints scheme
87.Investigation of complaints
88.Exemption from liability in damages
PART 7 Offences relating to financial services
89.Misleading statements
90.Misleading impressions
91.Misleading statements etc in relation to benchmarks
92.Penalties
93.Interpretation of Part 7
94.Affirmative procedure for certain orders
95.Consequential repeal
PART 8 Amendments of Banking Act 2009
96.Objectives and conditions
97.Private sector purchasers
98.Property transfer instruments: property held on trust
99.Reports following exercise of a stabilisation power
100.Groups
101.Application to investment firms
102.Application to UK clearing houses
103.State aid
104.Inter-bank payment systems
105.International obligations
106.Amendments relating to new regulators
107.Power to make further provision about regulation of consumer credit
108.Suspension of licences under Part 3 of Consumer Credit Act 1974
109.Payment to Treasury of penalties received by Financial Services Authority
110.Payment to Treasury of penalties received by Bank of England
111.Amendments of Companies Act 1989
112.Evidencing and transfer of title to securities without written instrument
113.Provision of services by Director of Savings
114.Further minor and consequential amendments and repeals
115.Orders: general
116.Orders: Parliamentary control
118.Power to make further consequential amendments etc
119.Transitional provisions and savings
120.Financial provision
121.Extent
122.Commencement
123.Short title
Bank of England Financial Policy Committee
PART 1 Schedule to be inserted as Schedule 2A to Bank of England Act 1998
PART 2 Other amendments relating to Financial Policy Committee
1.Bank of England Act 1998 (c. 11)
2.In section 15 of the Bank of England Act 1998...
3.In section 40 of the Bank of England Act 1998...
Further amendments relating to Bank of England
2.Monetary Policy Committee
4.Changes in terminology
5.In Schedule 7 to the Bank of England Act 1998...
6.In Part 3 of Schedule 1 to the House of...
7.In Part 3 of Schedule 1 to the Northern Ireland...
Financial Conduct Authority and Prudential Regulation Authority: Schedules to be substituted as Schedules 1ZA and 1ZB to FSMA 2000
EEA passport rights and treaty rights
PART 1 Amendments of Schedule 3 to FSMA 2000: EEA passport rights
2.Exercise of passport rights by EEA firms
3.(1) Paragraph 14 (services) is amended as follows.
4.(1) Paragraph 15A (application for approval to manage UCITS) is...
5.(1) Paragraph 15B (representations and references to the Tribunal) is...
6.In paragraph 15C (information to home state regulator), in sub-paragraph...
7.In paragraph 17 (continuing regulation of EEA firms)—
8.In paragraph 18 (giving up right to authorisation), in paragraph...
9.Exercise of passport rights by UK firms
10.(1) Paragraph 19 (establishment) is amended as follows.
11.(1) Paragraph 20 (services) is amended as follows.
12.In paragraph 20ZA (information for host state regulator), for “Authority”,...
13.In paragraph 20B (notice of intention to market), for “Authority”,...
14.In paragraph 22 (continuing regulation of UK firms), in sub-paragraph...
15.(1) Paragraph 23 (power to impose requirements) is amended as...
16.(1) Paragraph 24 (which relates to UK firms exercising rights...
17.After paragraph 24 insert— Arrangements between FCA and PRA (1) The regulators may make arrangements about—
18.In paragraph 25 (information to be included in the public...
19.In paragraph 26 (UK management companies: delegation of functions), for...
20.In paragraph 27 (UK management companies: withdrawal of authorisation), for...
21.In paragraph 28 (management companies: request for information), for “Authority”,...
PART 2 Amendments of Schedule 4 to FSMA 2000: Treaty rights
22.Schedule 4 to FSMA 2000 (Treaty rights) is amended as...
23.(1) Paragraph 3 (exercise of Treaty rights) is amended as...
24.After paragraph 3 insert— Notification between UK regulators Regulations may require the PRA and the FCA to notify...
25.(1) Paragraph 4 (permission) is amended as follows.
26.(1) Paragraph 5 (notice to Authority) is amended as follows....
PART 3 Amendments of sections 34 and 35 of FSMA 2000: EEA firms and Treaty firms
27.(1) Section 34 of FSMA 2000 (EEA firms) is amended...
28.(1) Section 35 of FSMA 2000 (Treaty firms) is amended...
PART 4 Amendments of Part 13 of FSMA 2000: Powers of intervention
29.Part 13 of FSMA 2000 (incoming firms: intervention by Authority)...
30.In the heading to Part 13, for “Authority” substitute “FCA...
31.In section 193 (interpretation of Part 13), in subsection (1),...
32.(1) Section 194 (general grounds on which power of intervention...
33.(1) Section 194A (contravention by relevant EEA firm with UK...
34.(1) Section 195 (exercise of power in support of overseas...
35.(1) Section 195A (contravention by relevant EEA firm or EEA...
36.For section 196 substitute— The power of intervention (1) If a regulator is entitled to exercise its power...
37.(1) Section 197 (procedure on exercise of power of intervention)...
38.(1) Section 198 (power to apply to court for injunction...
39.(1) Section 199 (additional procedure for EEA firms in certain...
40.(1) Section 199A (management companies: loss of authorisation) is amended...
41.(1) Section 200 (rescission and variation of requirements) is amended...
42.For section 201 substitute— Effect of certain requirements on other...
43.In section 202 (contravention of requirement imposed under Part 13),...
1.Part 5 of FSMA 2000 is amended as follows.
2.(1) Section 58 (applications relating to prohibition orders: procedure and...
3.In section 59 (approval for particular arrangements), omit subsection (9)....
4.(1) Section 60 (applications for approval), for “Authority” or “Authority's”,...
5.(1) Section 61 (determination of applications) is amended as follows....
6.(1) Section 62 (applications for approval: procedure and right to...
7.(1) Section 63 (withdrawal of approval) is amended as follows....
8.In section 63A (performance of controlled functions without approval: power...
9.In section 63B (procedure and right to refer to Tribunal),...
10.(1) Section 63C (statement of policy) is amended as follows....
11.(1) Section 63D (statement of policy: procedure) is amended as...
12.(1) Section 64 (conduct of approved persons: statement and codes)...
13.(1) Section 65 (statements and codes: procedure) is amended as...
14.(1) Section 66 (disciplinary powers) is amended as follows.
15.(1) Section 67 (disciplinary measures: procedure and right to refer...
16.In section 68 (publication), for “the Authority” substitute “the regulator...
17.(1) Section 69 (statement of policy) is amended as follows....
18.(1) Section 70 (statements of policy: procedure) is amended as...
1.Part 7 of FSMA 2000 is amended as follows.
2.Before section 104 insert— Meaning of “the appropriate regulator” (1) In this Part “the appropriate regulator” means—
3.(1) Section 109 (scheme reports) is amended as follows.
4.(1) Section 110 (right to participate in proceedings) is amended...
5.In section 112 (effect of order sanctioning business transfer scheme),...
6.After section 112 insert— Duty of regulator to provide copy...
7.(1) Section 113 (appointment of actuary) is amended as follows....
8.In section 115 (certificates for purposes of insurance business transfers...
9.Schedule 12 to FSMA (transfer schemes: certificates) is amended as...
10.In paragraph 1, for “the Authority”, in each place, substitute...
11.(1) Paragraph 2 is amended as follows.
12.In paragraph 3, for “Authority” substitute “appropriate regulator”.
13.In paragraph 4, for “Authority”, in the first place, substitute...
14.In paragraph 5, for “Authority”, in the first place, substitute...
15.In paragraph 5A, for “the Authority” substitute “the appropriate regulator”....
16.In paragraph 8(2)— (a) for paragraph (a) substitute—
17.In paragraph 9, for “Authority” substitute “appropriate regulator”.
18.(1) Paragraph 9A is amended as follows.
19.(1) Paragraph 10 is amended as follows.
Application of provisions of FSMA 2000 to Bank of England etc
Sections 28 to 34: minor and consequential amendments
1.FSMA 2000 is amended as follows.
2.(1) Section 286 (qualification for recognition) is amended as follows....
3.(1) Section 287 (application by an investment exchange) is amended...
4.(1) Section 288 (application by a clearing house) is amended...
5.In section 289 (applications: supplementary), in subsections (1), (2) (in...
6.(1) Section 290 (recognition orders) is amended as follows.
7.(1) Section 290A (refusal of recognition on ground of excessive...
8.In section 292 (overseas investment exchanges and overseas clearing house),...
9.In section 292A (publication of information by recognised investment exchange),...
10.(1) Section 293 (notification requirements) is amended as follows.
11.For section 293A substitute— Information: compliance with EU requirements The appropriate regulator may require a recognised body to give...
12.In section 294 (modification or waiver of rules), in subsections...
13.(1) Section 295 (notification: overseas investment exchanges and overseas clearing...
14.(1) Section 296 (power to give directions) is amended as...
15.(1) Section 297 (revoking recognition) is amended as follows.
16.In section 298 (directions and revocation: procedure)—
17.In section 299 (complaints about recognised bodies), in subsections (1)...
18.In section 300A (power to disallow excessive regulatory provision)—
19.In section 300B (duty to notify proposal to make regulatory...
20.In section 300C (restriction on making provision before Authority decides...
21.(1) Section 300D (consideration by Authority whether to disallow proposed...
22.(1) Section 301 (supervision of certain contracts) is amended as...
23.In section 301A (obligation to notify the Authority: acquisitions of...
24.In section 301B (requirements for s.301A notices), in subsections (1)...
25.In section 301C (acknowledgement of receipt), in subsections (1) and...
26.In section 301F (assessment: general), in subsections (1) to (3),...
27.(1) Section 301G (assessment: procedure) is amended as follows.
28.In section 301H (duration of approval), in subsections (1), (2)...
29.In section 301I (objections by the Authority), in subsections (1)...
30.In section 301J (restriction notices), in subsections (1), (2)(b), (3)...
31.In section 301K (order for sale of shares), in subsection...
32.(1) Section 301L (offences under Chapter) is amended as follows....
33.In section 312A (exercise of passport rights by EEA market...
34.In section 312B (removal of passport rights from EEA market...
35.In section 312C (exercise of passport rights by recognised investment...
36.(1) Section 313 (interpretation) is amended as follows.
37.In section 392 (warning and decisions notices: application of provisions...
38.In section 412A (approval and monitoring of trade-matching and reporting...
39.In section 412B (procedure for approval and suspension or withdrawal...
PART 2 Authorised persons acting without permission
2.(1) Section 20 (authorised persons acting without permission) is amended...
3.(1) Section 23 (contravention of the general prohibition) is amended...
4.After section 23 insert— Parliamentary control in relation to certain...
5.After section 26 insert— Agreements relating to credit (1) An agreement that is made by an authorised person...
6.In section 27 (agreements made through unauthorised persons) for subsection...
7.In section 28 (agreements made unenforceable by section 26 or...
8.After section 28 insert— Credit-related agreements made unenforceable by section...
PART 3 Market abuse
9.(1) In the provisions of Part 8 (market abuse) mentioned...
PART 4 Disciplinary measures
10.In Part 14 (disciplinary measures), before section 205 insert— Meaning...
11.In section 205 (public censure)— (a) for “Authority”, in the...
12.(1) Section 206 (financial penalties) is amended as follows.
13.(1) Section 206A (suspending permission to carry on regulated activities...
14.In section 207(1) (proposal to take disciplinary measures), for “the...
15.In section 208(1) and (4) (decision notice), for “the Authority”,...
16.In section 209 (publication), for “the Authority” substitute “the regulator...
17.(1) Section 210 (statements of policy) is amended as follows....
18.(1) Section 211 (statements of policy: procedure) is amended as...
PART 5 Injunctions and restitution
19.(1) Section 380 (injunctions) is amended as follows.
20.(1) Section 381 (injunctions in case of market abuse) is...
21.(1) Section 382 (restitution orders) is amended as follows.
22.In section 383(1), (4), (5) and (9) (restitution orders in...
23.(1) Section 384 (power of Authority to require restitution) is...
24.(1) Section 385 (warning notices) is amended as follows.
25.In section 386(1) and (3) (decision notices), for “Authority” substitute...
PART 6 Notice procedures
26.(1) Section 387 (warning notices) is amended as follows.
27.(1) Section 388 (decision notices) is amended as follows.
28.In section 389(1) (notices of discontinuance)— (a) for “the Authority”...
29.(1) Section 390 (final notices) is amended as follows.
30.(1) Section 391 (publication) is amended as follows.
31.(1) Section 392 (application of sections 393 and 394) is...
32.(1) Section 393 (third party rights) is amended as follows....
33.(1) Section 394 (access to Authority material) is amended as...
34.(1) Section 395 (the Authority's procedures) is amended as follows....
35.(1) Section 396 (statements under s.395: consultation) is amended as...
36.(1) Section 398 (misleading the Authority: residual cases) is amended...
37.In section 400 (offences by a body corporate etc) after...
38.(1) Section 401 (proceedings for offences) is amended as follows....
39.(1) Section 402 (power of the Authority to institute proceedings...
40.In section 403 (jurisdiction and procedure in respect of offences),...
PART 8 Co-operation
41.After section 415A insert— Consultation Consultation in relation to taking...
1.Part 15 of FSMA 2000 (the Financial Services Compensation Scheme)...
2.(1) Section 212 (the scheme manager) is amended as follows....
3.(1) Section 213 (the compensation scheme) is amended as follows....
4.In section 214 (general provisions of the scheme), in subsection...
5.In section 215 (rights of the scheme in insolvency), for...
6.In section 217 (insurers in financial difficulties), in subsection (5),...
7.After section 217 insert— Relationship with the regulators Co-operation (1) Each regulator and the scheme manager must take such...
8.For the italic heading before section 218 substitute “Annual plan...
9.Before section 218 insert— Annual plan (1) The scheme manager must in respect of each of...
10.(1) Section 218 (annual report) is amended as follows.
11.After section 218 insert— Audit of accounts (1) The scheme manager must send a copy of its...
12.(1) Section 218A (power to require information) is amended as...
13.In section 221 (powers of court), in subsection (2), after...
14.In section 222 (statutory immunity), in subsection (1), omit “board...
15.In section 224 (scheme manager's power to inspect documents), in...
1.In section 226 (compulsory jurisdiction), in subsection (3)(a), for “Authority”...
2.In section 226A (consumer credit jurisdiction), in subsection (7), for...
3.In section 227 (voluntary jurisdiction), in subsection (6), for “Authority's”...
4.(1) Section 228 (determination under the compulsory and consumer credit...
5.In section 229 (awards), in subsection (4), for “Authority” substitute...
6.In section 230 (costs), in subsection (2), for “Authority” substitute...
7.After section 230 insert— Reports of determinations (1) The scheme operator must publish a report of any...
8.In section 232 (powers of court), in subsection (2), after...
9.After section 232 insert— Scheme operator's duty to provide information...
10.In section 234 (industry funding), in subsection (1), for “Authority”...
11.In section 234A (funding by consumer credit licensees), in subsection...
12.After section 234A insert— Successors to businesses Transfers of liability...
13.Schedule 17 (the ombudsman scheme) is amended as follows.
14.For paragraph 2 (and the italic heading before it) substitute—...
15.In paragraph 3 (constitution)— (a) for “Authority”, in each place,...
16.After paragraph 3 insert— Relationship with FCA (1) The scheme operator and the FCA must each take...
17.In paragraph 6 (status), in sub-paragraph (2), omit “board members,”....
18.In paragraph 7 (annual reports)— (a) for “Authority”, in each...
19.After paragraph 7 insert— Audit of accounts (1) The scheme operator must send a copy of its...
20.For the italic heading before paragraph 8 substitute “Information, advice...
21.In paragraph 8 (guidance), for “guidance consisting of such information...
22.In paragraph 9 (budget), for “Authority”, in each place, substitute...
23.After paragraph 9 insert— Annual plan (1) The scheme operator must in respect of each of...
24.In paragraph 13 (procedural rules)— (a) for “Authority”, in each...
25.In paragraph 14 (scheme operator's rules)— (a) in sub-paragraph (2),...
26.In paragraph 16B (procedure for complaints etc), in sub-paragraph (1),...
27.In paragraph 16E (consumer credit rules), for “Authority”, in each...
28.In paragraph 18 (terms of reference), for “Authority”, in each...
29.In paragraph 19 (delegation), in sub-paragraph (3), for “Authority” substitute...
30.In paragraph 20 (voluntary jurisdiction rules: procedure), for “Authority”, in...
Amendments of Parts 11 and 23 of FSMA 2000
PART 1 Part 11 of FSMA 2000: information gathering and investigations
1.(1) Section 165 (power to require information) is amended as...
2.In section 165A (power to require information relevant to financial...
3.In section 165B (safeguards relating to section 165A)—
4.In section 165C (orders under section 165A(2)(d)) for subsection (1)...
5.For section 166 (reports by skilled persons) substitute— Reports by...
6.After section 166 insert— Appointment of skilled person to collect...
7.(1) Section 167 (appointment of investigator in general cases) is...
8.(1) Section 168 (appointment of investigator in specific cases) is...
9.(1) Section 169 (investigations at the request of an overseas...
10.In section 169A (supporting an overseas regulator regarding financial stability),...
11.In section 170 (investigations: general), in subsection (10), for paragraphs...
12.In section 174 (admissibility of statements to investigators), in subsection...
13.(1) Section 175 (information and documents: supplemental) is amended as...
14.(1) Section 176 (entry of premises under warrant) is amended...
15.After section 176 insert— Retention of documents taken under section...
PART 2 Part 23 of FSMA 2000: public record, disclosure of information and co-operation
16.(1) Section 347 (record of authorised persons) is amended as...
17.After section 347 insert— Duty of PRA to disclose information...
18.(1) Section 348 (restrictions on disclosure of information) is amended...
19.(1) Section 349 (exceptions from section 348) is amended as...
20.(1) Section 350 (disclosure of information by HMRC) is amended...
21.Omit section 351 (competition information).
22.In section 351A (disclosure under the UCITS directive), in subsection...
23.(1) In section 353 (removal of other restrictions on disclosure),...
24.After section 353 insert— Information received from Bank of England...
25.For section 354 substitute— FCA's duty to co-operate with others...
2.In Part 22 (auditors and actuaries), before section 340 (and...
3.(1) Section 340 (appointment) is amended as follows.
4.(1) Section 342 (information given by auditor or actuary) is...
5.(1) Section 343 (information given by auditor or actuary: persons...
6.(1) Section 344 (duty of auditor or actuary resigning to...
7.(1) For section 345 (disqualification of auditor or actuary) and...
8.(1) Section 392 (application of sections 393 and 394) is...
Amendments of Part 24 of FSMA 2000: insolvency
1.Part 24 of FSMA 2000 is amended as follows.
2.In section 355 (interpretation of Part 24) at the end...
3.(1) Section 356 (powers to participate in proceedings: company voluntary...
4.(1) Section 357 (powers to participate in proceedings: individual voluntary...
5.(1) Section 358 (powers to participate in proceedings: trust deeds...
7.(1) Section 361 (administrator's duty to report) is amended as...
8.(1) Section 362 (powers to participate in proceedings: administration orders)...
9.(1) Section 362A (administrator appointed by company or directors) is...
10.(1) Section 363 (powers to participate in proceedings: receivership) is...
11.In section 364 (receiver's duty to report to Authority)—
12.(1) Section 365 (powers to participate in proceedings: voluntary winding...
13.(1) Section 366 (insurers effecting or carrying out long-term contracts...
14.(1) Section 367 (winding-up petitions) is amended as follows.
15.(1) Section 368 (winding-up petitions: EEA and Treaty firms) is...
16.(1) Section 369 (insurers: service of petition etc. on Authority)...
17.(1) Section 369A (reclaim funds: service of petition etc. on...
18.For section 370 substitute— Liquidator's duty to report to FCA...
19.(1) Section 371 (power to participate in proceedings: winding up...
20.(1) Section 372 (bankruptcy petitions) is amended as follows.
21.(1) Section 373 (insolvency practitioner's duty to report to Authority)...
22.(1) Section 374 (Authority's powers to participate in proceedings: bankruptcy)...
23.(1) Section 375 (Authority's right to apply for an order...
24.(1) Section 376 (continuation of contracts of long-term insurance where...
The consumer financial education body
1.Schedule 1A (further provision about the consumer financial education body)...
2.In paragraph 1 (ensuring exercise of functions) for “Authority”, in...
3.In paragraph 2 (constitution) for “Authority”, in each place, substitute...
4.In paragraph 3 (status), in sub-paragraph (2), omit “board members,”....
5.In paragraph 4 (discharge of functions by others), in sub-paragraph...
6.In paragraph 5 in sub-paragraph (1), for “section 6A(1)” substitute...
7.For paragraph 6 (and the italic heading before it) substitute—...
8.In paragraph 7 (budget) for “Authority”, in each place, substitute...
9.In paragraph 8 (annual plan)— (a) for “Authority”, in each...
10.In paragraph 9 (annual reports)— (a) for “Authority”, in each...
11.After paragraph 9 insert— Audit of accounts (1) The consumer financial education body must send a copy...
12.In paragraph 11 (meaning of “relevant costs”) for “Authority” substitute...
13.In paragraph 12 (funding) for “Authority”, in each place, substitute...
14.In paragraph 13 (funding by consumer credit licensees), in sub-paragraph...
15.In paragraph 15 (reviews of use of resources), for “Authority”,...
16.In the title to the Schedule, in the marginal reference,...
Provision of financial services by members of the professions
1.In section 325 (general duty)— (a) for “Authority”, in each...
2.In section 328 (directions relating to the general prohibition), for...
3.In section 329 (orders relating to the general prohibition), for...
4.In section 330 (consultation)— (a) for “Authority”, in each place,...
5.In section 331 (procedure for making orders), for “Authority”, in...
6.In section 332 (rules relating to persons to whom the...
Amendments of Banking Act 2009 related to Part 2 of this Act
PART 1 Amendments of Part 1 of the Act
1.Part 1 of the Banking Act 2009 is amended as...
2.(1) Section 1 (overview) is amended as follows.
3.In section 2 (interpretation: “bank”), for “Part 4” substitute “Part...
4.In section 3 (interpretation: other expressions), for the definition of...
5.In section 4 (special resolution objectives), in subsection (3), for...
6.In section 5 (code of practice), in subsection (5), for...
7.(1) Section 6 (code of practice: procedure) is amended as...
8.(1) Section 7 (general conditions) is amended as follows.
9.In section 8 (specific conditions: private sector purchaser and bridge...
10.In section 9 (specific conditions: temporary public ownership), in subsection...
11.In section 10 (Banking Liaison Panel), in subsection (3), for...
12.In section 24 (procedure: instruments), in subsection (1), for paragraph...
13.In section 25 (procedure: orders), in subsection (2), for paragraph...
14.In section 26 (supplemental instruments), in subsection (5), for paragraph...
15.In section 27 (supplemental orders), in subsection (5), for paragraph...
16.In section 28 (onward transfer), in subsection (6), for paragraph...
17.In section 29 (reverse share transfer), in subsection (6), for...
18.In section 30 (bridge bank: share transfers), in subsection (5),...
19.In section 31 (bridge bank: reverse share transfer), in subsection...
20.In section 41 (procedure), in subsection (1), for paragraph (c)...
21.In section 42 (supplemental instruments), in subsection (5), for paragraph...
22.In section 43 (onward transfer), in subsection (7), for paragraph...
23.In section 44 (reverse property transfer), in subsection (6), for...
24.In section 45 (temporary public ownership: property transfer), in subsection...
25.In section 46 (temporary public ownership: reverse property transfer), in...
26.In section 57 (valuation principles), in subsection (4)(a), for “Part...
27.(1) Section 82 (temporary public ownership) is amended as follows....
28.After section 83 insert— Banks not regulated by PRA Modifications...
PART 2 Amendments of Part 2 of the Act
29.Part 2 of the Banking Act 2009 is amended as...
30.In section 91 (interpretation: “bank”), for “Part 4” substitute “Part...
31.In section 93 (interpretation: other expressions), for subsection (1) substitute—...
32.In section 95 (application), in subsection (1)(b), for “FSA” substitute...
33.In section 96 (grounds for applying), for “FSA”, in each...
34.In section 97 (grounds for making), in subsection (1), for...
35.In section 98 (commencement), in subsection (2), for “FSA”, in...
36.(1) Section 100 (liquidation committee) is amended as follows.
37.In section 101 (liquidation committee: supplemental), in subsection (7), for...
38.In section 103 (general powers, duties and effect), in the...
39.(1) Section 108 (removal by court) is amended as follows....
40.In section 109 (removal by creditors), in subsection (4) for...
41.In section 113 (company voluntary arrangement), in subsection (2)(b), for...
42.In section 115 (dissolution), in subsection (2)(b), for sub-paragraph (i)...
43.In section 117 (bank insolvency as alternative order), in subsection...
44.(1) Section 120 (notice of preliminary steps) is amended as...
45.After section 129 insert— Banks not regulated by PRA (1) In the application of this Part to an FCA-regulated...
PART 3 Amendments of Part 3 to the Act
46.Part 3 of the Banking Act 2009 is amended as...
47.In section 147 (administrator's proposals), in subsection (6), for “FSA”...
48.In section 153 (successful rescue), in subsection (3), for “FSA”...
49.In section 157 (other processes), in subsection (1), for “Before...
50.After section 157 insert— Banks not regulated by PRA (1) In the application of this Part to an FCA-regulated...
51.In section 166 (interpretation: general), for subsection (2) substitute—
PART 4 Amendments of Parts 4 to 6 of the Act
52.Parts 4 to 6 of the Banking Act 2009 are...
53.(1) Section 183 (interpretation of Part 5) is amended as...
54.In section 223 (termination of right to issue), in subsections...
55.(1) Section 232 (definition) is amended as follows.
56.In section 234 (regulations: details), for subsection (8)(b) substitute—
57.In section 235 (regulations: procedure), at the end insert—
58.In section 246 (information), in subsection (2)—
59.(1) Section 249 (functions) is amended as follows.
60.In section 250 (information), for “Financial Services Authority” substitute “Prudential...
61.(1) Section 259 (statutory instruments) is amended as follows.
62.In the Table in section 261 (index of defined terms)—...
Further minor and consequential amendments
PART 1 Amendments of FSMA 2000
2.(1) Section 33 (withdrawal of authorisation) is amended as follows....
3.(1) Section 36 (persons authorised as a result of being...
4.In section 38 (exemption orders), in subsection (2), for “Part...
5.(1) Section 39 (exemption of appointed representatives) is amended as...
6.In section 39A (tied agents operating outside the United Kingdom),...
7.In section 97(1)(d) (contravention of Part 6 rules: appointment of...
8.In section 177 (offences), in subsection (2), after “director or”...
9.(1) In each of the provisions of Part 17 (collective...
10.(1) Section 249 (disqualification of auditor for breach of trust...
11.(1) Section 250 (modification or waiver of rules) is amended...
12.In section 257 (directions), in subsection (5), for “section 150”...
13.In section 267 (power to suspend promotion of scheme)—
14.In section 268 (section 267: procedure)— (a) in subsection (2),...
15.In section 269 (procedure: application for variation or revocation of...
16.In section 270 (schemes authorised in designated countries or territories)—...
17.In section 284 (power to investigate), in subsection (11), for...
18.In section 404 (consumer redress scheme), for “Authority”, in each...
19.In section 404A (supplementary provision relating to rules under section...
20.(1) Section 404F (definitions etc.) is amended as follows.
21.(1) Section 405 (directions) is amended as follows.
22.(1) Section 407 (consequences of a direction under section 405)...
23.In section 409 (Gibraltar), in subsection (2), for “Part IV...
24.In section 415 (jurisdiction in civil proceedings), in subsection (1),...
25.(1) Section 415A (interpretation of powers under the Act) is...
26.In paragraph 8 of Schedule 6 (additional threshold conditions), in...
PART 2 Amendments of other Acts of Parliament
27.Bankers' Books Evidence Act 1879 (c. 11)
28.Agricultural Credits Act 1928 (c. 43)
29.Agricultural Credits (Scotland) Act 1929 (19 & 20 Geo. 5 c. 13)
30.Fire Services Act 1947 (c. 41)
31.Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951 (c. 65)
32.Theft Act 1968 (c. 60)
33.Decimal Currency Act 1969 (c. 19)
34.Employers' Liability (Compulsory Insurance) Act 1969 (c. 57)
35.Superannuation Act 1972 (c. 11)
36.Employment Agencies Act 1973 (c. 35)
37.Consumer Credit Act 1974 (c. 39)
38.Solicitors Act 1974 (c. 47)
39.House of Commons Disqualification Act 1975 (c. 24)
40.Northern Ireland Assembly Disqualification Act 1975 (c. 25)
41.Police Pensions Act 1976 (c. 35)
42.Judicial Pensions Act 1981 (c. 20)
43.Lloyd's Act 1982 (c. xiv)
44.Inheritance Tax Act 1984 (c. 51)
45.Companies Act 1985 (c. 6)
46.In Schedule 15C (specified persons), for paragraph 7 substitute— The Financial Conduct Authority. The Prudential Regulation Authority. The Bank of England.
47.(1) Schedule 15D (disclosures) is amended as follows.
48.Trustee Savings Banks Act 1985 (c. 58)
49.Administration of Justice Act 1985 (c. 61)
50.Housing Act 1985 (c. 68)
51.Insolvency Act 1986 (c. 45)
52.(1) Section 4A (approval of proposed voluntary arrangement) is amended...
53.In section 422 (order relating to formerly authorised banks), in...
54.(1) Paragraph 44 of Schedule A1 (moratorium where directors propose...
55.(1) Schedule B1 (administration) is amended as follows.
56.Debtors (Scotland) Act 1987 (c. 18)
57.Housing (Scotland) Act 1987 (c. 26)
58.Income and Corporation Taxes Act 1988 (c. 1)
59.Access to Medical Reports Act 1988 (c. 28)
60.Road Traffic Act 1988 (c. 52)
61.Water Act 1989 (c. 15)
62.Companies Act 1989 (c. 40)
63.(1) Section 82 (request for assistance by overseas regulatory authority)...
64.(1) Section 87 (exceptions from restrictions on disclosure) is amended...
65.(1) Section 157 (change in default rules) is amended as...
66.(1) Section 162 (duty to report on completion of default...
67.(1) Section 167 (application to determine whether default proceedings to...
68.(1) Section 169 (supplementary provisions) is amended as follows.
69.(1) Section 176 (power to make provision about certain charges)...
70.(1) Section 190 (minor definitions) is amended as follows.
71.(1) Section 191 (index of defined expressions) is amended as...
72.Water Industry Act 1991 (c. 56)
73.Water Resources Act 1991 (c. 57)
74.Social Security Administration Act 1992 (c. 5)
75.Judicial Pensions and Retirement Act 1993 (c. 8)
76.Criminal Justice Act 1993 (c. 36)
77.Railways Act 1993 (c. 43)
78.Pension Schemes Act 1993 (c. 48)
79.Finance Act 1994 (c. 9)
80.Coal Industry Act 1994 (c. 21)
81.Value Added Tax Act 1994 (c. 23)
82.Pensions Act 1995 (c. 26)
83.Finance Act 1997 (c. 16)
84.Social Security (Recovery of Benefits) Act 1997 (c. 27)
85.Bank of England Act 1998 (c. 11)
86.Data Protection Act 1998 (c. 29)
87.Terrorism Act 2000 (c. 11)
88.Regulation of Investigatory Powers Act 2000 (c. 23)
89.Utilities Act 2000 (c. 27)
90.Trustee Act 2000 (c. 29)
91.Freedom of Information Act 2000 (c. 36)
92.Criminal Justice and Police Act 2001 (c. 16)
93.Anti-terrorism, Crime and Security Act 2001 (c. 24)
94.Proceeds of Crime Act 2002 (c. 29)
95.Enterprise Act 2002 (c. 40)
96.Nationality, Immigration and Asylum Act 2002 (c. 41)
97.Income Tax (Earnings and Pensions) Act 2003 (c. 1)
98.Finance Act 2003 (c. 14)
99.Health and Social Care (Community Health and Standards) Act 2003 (c. 43)
100.Finance Act 2004 (c. 12)
101.Energy Act 2004 (c. 20)
102.Fire and Rescue Services Act 2004 (c. 21)
103.Companies (Audit, Investigations and Community Enterprise) Act 2004 (c. 27)
104.Pensions Act 2004 (c. 35)
105.Inquiries Act 2005 (c. 12)
106.Serious Organised Crime and Police Act 2005 (c. 15)
107.Gambling Act 2005 (c. 19)
108.Finance (No. 2) Act 2005 (c. 22)
109.Compensation Act 2006 (c. 29)
110.Companies Act 2006 (c. 46)
111.In section 384 (companies excluded from small companies regime), in...
112.(1) Section 461 (permitted disclosure of information obtained under compulsory...
113.In section 467 (companies excluded from being treated as medium-sized),...
114.In section 470 (power to apply provisions to banking partnerships),...
115.In section 474 (definitions), in subsection (1), in the definition...
116.In section 539 (definitions), in subsection (1), in the definition...
117.(1) Section 843 (realised profits and losses of long-term insurance...
118.In section 948 (restrictions on disclosure), in subsection (7)—
119.In section 950 (Panel on Takeovers and Mergers: duty of...
120.In section 995 (petition by Secretary of State), in subsection...
121.In section 1164 (meaning of “banking company” and “banking group”),...
122.In section 1165 (meaning of “insurance company” etc.), in subsection...
123.(1) Schedule 2 (specified persons and descriptions of disclosure for...
124.(1) Schedule 11A (specified persons, description, disclosures etc. for the...
125.Legal Services Act 2007 (c. 29)
126.Regulatory Enforcement and Sanctions Act 2008 (c. 13)
127.Counter-Terrorism Act 2008 (c. 28)
128.Dormant Bank and Building Society Accounts Act 2008 (c. 31)
129.Corporation Tax Act 2010 (c. 4)
130.Finance Act 2010 (c. 13)
131.Equality Act 2010 (c. 15)
132.Terrorist Asset-Freezing etc. Act 2010 (c. 38)
133.Postal Services Act 2011 (c. 5)
134.Finance Act 2011 (c. 11)
135.Terrorism Prevention and Investigation Measures Act 2011 (c. 23)
136.Charities Act 2011 (c. 25)
137.Health and Social Care Act 2012 (c. 7)
138.Legal Aid, Sentencing and Punishment of Offenders Act 2012 (c. 10)
PART 3 Amendments of Acts of the Scottish Parliament
139.Charities and Trustee Investment (Scotland) Act 2005 (asp 10)
140.Housing (Scotland) Act 2006 (asp 1)
PART 4 Amendments of Northern Ireland legislation
141.County Courts Act (Northern Ireland) 1959 (c. 25 (N.I.))
142.District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 (c. 2 (N.I.))
143.Charities Act (Northern Ireland) 2008 (c. 12 (N.I.))
PART 5 Amendment of Measure of the National Assembly for Wales
144.Welsh Language (Wales) Measure 2011 (nawm 1)
2.References in this Act to FCA or Financial Services Authority
3.Interpretation of documents referring to the Financial Services Authority
4.Renaming of companies as Financial Conduct Authority and Prudential Regulation Authority
5.Threshold conditions
7.(1) This paragraph applies where a provision of Part 5...
8.(1) The first order under section 22A of FSMA 2000...
10.Postal Services Act 2000
PART 1 Property, rights and liabilities of Financial Services Authority
2.Transfer schemes
3.The property, rights and liabilities that may be the subject...
4.A transfer scheme may— (a) apportion, or provide for the...
5.A transfer scheme which relates to rights and liabilities under...
PART 2 Property, rights and liabilities of Office of Fair Trading
7.Transfer schemes
8.The property, rights and liabilities that may be the subject...
9.A transfer scheme may— (a) apportion, or provide for the...
10.A transfer scheme which relates to rights and liabilities under...