Source: http://www.legislation.gov.uk/ukpga/2012/21/part/2/crossheading/miscellaneous-amendments-of-fsma-2000
Timestamp: 2018-06-20 08:29:02
Document Index: 433018470

Matched Legal Cases: ['art. 2', 'art. 3', 'art. 3', 'art 18', 'art. 3', 'art 4', 'art. 3', 'art. 2', 'art. 2']

Financial Services Act 2012, Cross Heading: Miscellaneous amendments of FSMA 2000 is up to date with all changes known to be in force on or before 20 June 2018. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Miscellaneous amendments of FSMA 2000E+W+S+N.I.
45The consumer financial education bodyE+W+S+N.I.
Schedule 15 contains amendments of FSMA 2000 relating to the consumer financial education body.
I1S. 45 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
I2S. 45 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.
46Members of the professionsE+W+S+N.I.
Schedule 16 contains miscellaneous amendments of FSMA 2000 relating to financial services provided by members of the professions.
I3S. 46 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.
47International obligationsE+W+S+N.I.
In section 410 of FSMA 2000 (international obligations), in subsection (4), for paragraph (a) substitute—
(aa)the PRA;
(ab)the Bank of England when exercising functions conferred on it by Part 18;”.
I4S. 47 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.
48Interpretation of FSMA 2000E+W+S+N.I.
(1)In section 417 of FSMA 2000 (definitions), in subsection (1)—
(a)omit the definition of “the Authority”,
(b)in the definition of “control of information rules” for “section 147(1)” substitute “ section 137P ”,
““credit-related regulated activity” has the meaning given in section 23(1B);”,
(d)after the definition of “exempt person” insert—
““the FCA” means the Financial Conduct Authority;”,
(e)in the definition of “financial promotion rules” for “section 145” substitute “ section 137R ”,
(f)for the definition of “general rules” substitute—
““general rules”—
(a)in relation to the FCA, has the meaning given in section 137A(2), and
(b)in relation to the PRA, has the meaning given in section 137G(2);”,
(g)omit the definition of “money laundering rules”,
(h)omit the definition of “notice of control”,
(i)for the definition of “Part IV permission” substitute—
““Part 4A permission” has the meaning given in section 55A(5);”,
(j)after the definition of “partnership” insert—
““the PRA” means the Prudential Regulation Authority;
“PRA-regulated activity” has the meaning given in section 22A;”,
(k)in the definition of “price stabilising rules” for “section 144” substitute “ section 137Q ”,
(l)after that definition insert—
““principal” in relation to an appointed representative, is to be read in accordance with section 39;”,
(m)in the definition of “regulating provisions” for “section “159(1)” substitute “ section 140A ”,
(n)after that definition insert—
““regulator” has the meaning given in section 3A(2);”,
(o)omit the definitions of “regulatory objectives” and “regulatory provisions”,
(p)for the definition of “rule” substitute—
““rule” means a rule made by the FCA or the PRA under this Act;”,
(q)in the definition of “rule-making instrument” for “section 153” substitute “ section 138G ”,
(r)for the definition of “threshold conditions” substitute—
““threshold conditions”, in relation to a regulated activity, has the meaning given in section 55B(1);”,
(s)in the definition of “UK authorised person” for “section 178(4)” substitute “ section 191G(1) ”, and
(t)in the definition of “the UK financial system” for “section 3” substitute “ section 1I ”.
(2)After section 421 of FSMA 2000 insert—
“421ZAImmediate group
In this Act “immediate group”, in relation to a person (“A”), means—
(b)a parent undertaking of A;
(c)a subsidiary undertaking of A;
(d)a subsidiary undertaking of a parent undertaking of A;
(e)a parent undertaking of a subsidiary undertaking of A.”
(3)After section 425B of FSMA 2000 insert—
“425CQualifying EU provision”
(2)In subsection (1)(b) “EU decision” means a decision under an EU directive or EU regulation.”
I5S. 48(1)(a)-(c) (e)(i) s. 48(1)(k)-(m) s. 48(1)(o)-(t) in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.
I6S. 48(1)(d)(j)(n)(2)(3) in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1
49Parliamentary control of statutory instrumentsE+W+S+N.I.
(2)In subsection (1) (orders subject to the affirmative resolution procedure)—
(i)after “section” insert “ 1J, 3B(4), 3F(6), 55C, ”,
(ii)after “or (e),” insert “ 138K(6)(c), 192B(6), 204A(7), 213(1A), ”, and
(iii)after “236(5),” insert “ 285(4), 380(12), 382(15), 384(13), ”, and
(a)after “under section” insert “ 3G(1), 137D(1)(b), ”,
(b)after “165A(2)(d)” insert “ , 192A(4) ”, and
(c)after “which” insert “ section 22B or 23A or ”.
I7S. 49 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1