- Enforced by
- FCA, Takeover Panel, PRA
- Status
- Amended (in force with amendments)
- Penalty ceiling
- Imprisonment 3 of 23 obligations carry imprisonment (7 years). 3 carry different penalties and 17 have no criminal penalty — flagged in the list below.
Does it bind you?
Business-side roles with duties under this instrument.
Any Person6
Plus 17 duties on the regulator, Crown ministers and public bodies — folded into the section list below.
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Any Person — also bound by 2340 other Acts
Human Medicines Regulations 2012
184 duties
Merchant Shipping Act 1995
144 duties
Insolvency (England and Wales) Rules 2016
104 duties
Communications Act 2003
92 duties
Road Traffic Act 1988
92 duties
What it requires
Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
Part 1
Bank of England
0 of 5 sections shown5 other sections in this Part — procedural and definitional
Part 2
Amendments of Financial Services and Markets Act 2000
0 of 44 sections shown44 other sections in this Part — procedural and definitional
Part 3
Mutual societies
0 of 8 sections shown8 other sections in this Part — procedural and definitional
Part 4
Collaboration between Treasury and Bank of England, FCA or PRA
7 of 12 sections shown
s.057
Duty of Bank to inform Treasury about resolution plans
Regulated
Other duties (1) — Crown / regulator
- Bank of England must share resolution plans with the TreasuryStatutory regulator
s.059
Duty of Bank to notify Treasury of changes (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Bank of England must notify Treasury of changes to financial riskStatutory regulator
s.062
Directions under section 61: supplementary provisions (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Bank of England must report to Treasury on compliance with directionsStatutory regulator
s.063
Duty to lay direction etc before Parliament (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Treasury must lay directions and reports before ParliamentCrown / Minister / Government department
s.064
Duty of Treasury, Bank and PRA to co-ordinate discharge of functions (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- HM Treasury, Bank of England and PRA must co-ordinate on financial stabilityCrown / Minister / Government department
s.065
Memorandum of understanding: resolution planning and crisis management (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Treasury, Bank of England, and PRA must maintain a crisis management agreementCrown / Minister / Government department
s.066
Memorandum of understanding: international organisations (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- UK financial authorities must coordinate on international relationsCrown / Minister / Government department
5 other sections in this Part — procedural and definitional
s.057
Duty of Bank to provide information required by Treasury
Part 5
Inquiries and investigations
7 of 17 sections shown
s.071
Conclusion of inquiry (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Person holding an inquiry must report findings to the TreasuryCrown / Minister / Government department
s.072
Obstruction and contempt (opens in a new tab)
Imprisonment
- Obstruct or fail to cooperate with a regulatory inquiryAny Person
s.077
Power of Treasury to require regulator to undertake investigation (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- HM Treasury can direct regulators to investigate specific eventsCrown / Minister / Government department
s.078
Conduct of investigation (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Regulators and Treasury must manage the conduct of investigationsStatutory regulator
s.079
Conclusion of investigation (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Regulators must report investigation findings and lessons to the TreasuryStatutory regulator
s.080
Statements of policy (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Regulators must publish investigation policy statementsStatutory regulator
s.082
Publication of reports of inquiries and investigations (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- HM Treasury must publish reports of financial services investigationsCrown / Minister / Government department
10 other sections in this Part — procedural and definitional
s.076
Duty of Payment Systems Regulator to investigate and report on possible regulatory failure
Part 6
Investigation of complaints against regulators
2 of 5 sections shown
s.084
Arrangements for the investigation of complaints (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Regulators must establish an independent complaints schemeStatutory regulator
s.086
Consultation in relation to, and publication of, complaints scheme (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Regulators must consult on and publish the complaints schemeStatutory regulator
3 other sections in this Part — procedural and definitional
Part 7
Offences relating to financial services
4 of 7 sections shown
s.089
Misleading statements (opens in a new tab)
Imprisonment
- Make misleading statements or conceal facts to influence financial dealsAny Person
s.090
Misleading impressions (opens in a new tab)
Imprisonment
- Creating a misleading impression of financial markets or investmentsAny Person
s.091
Misleading statements etc in relation to benchmarks (opens in a new tab)
Imprisonment
- Make misleading statements or create false impressions regarding benchmarksAny Person
s.092
Penalties (opens in a new tab)
Imprisonment
- Make misleading statements or impressions regarding financial marketsAny Person
3 other sections in this Part — procedural and definitional
Part 8
Amendments of Banking Act 2009
8 of 11 sections shown
s.099
Reports following exercise of a stabilisation power (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Bank of England must report on sales of banks to private purchasersStatutory regulator
3 other sections in this Part — procedural and definitional
Part 9
Miscellaneous
5 of 7 sections shown
s.109
Payment to Treasury of penalties received by Financial Services Authority (opens in a new tab)
s.110
Payment to Treasury of penalties received by Bank of England (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Bank of England must pay regulatory penalty receipts to the TreasuryStatutory regulator
s.112
Evidencing and transfer of title to securities without written instrument (opens in a new tab)
2 other sections in this Part — procedural and definitional
Part 10
General
3 of 10 sections shown7 other sections in this Part — procedural and definitional
Schedules
Schedules
1 of 534 shown
s.009
Discipline and enforcement (opens in a new tab)
Imprisonment
- Carry out unauthorized credit-related activitiesAny Person
533 other schedules
s.sch001
In section 4 of the Bank of England Act 1998...
s.sch001
In section 15 of the Bank of England Act 1998...
s.sch001
In section 40 of the Bank of England Act 1998...
s.sch001
In Part 3 of Schedule 1 to the House of...
s.sch001
In Part 3 of Schedule 1 to the Northern Ireland...
s.sch001
This is the Schedule to be inserted in the Bank...
s.sch002
(1) Schedule 1 to the Bank of England Act 1998...
s.sch002
(1) Schedule 3 to the Bank of England Act 1998...
s.sch002
(1) Section 244 of the Banking Act 2009 (immunity) is...
s.sch002
In section 4 of the Bank of England Act 1998...
s.sch002
In Schedule 7 to the Bank of England Act 1998...
s.sch002
In Part 3 of Schedule 1 to the House of...
s.sch002
In Part 3 of Schedule 1 to the Northern Ireland...
s.sch003
These are the Schedules 1ZA and 1ZB to be substituted...
s.sch004
Schedule 3 to FSMA 2000 (EEA passport rights) is amended...
s.sch004
(1) Paragraph 19 (establishment) is amended as follows.
s.sch004
(1) Paragraph 20 (services) is amended as follows.
s.sch004
In paragraph 20ZA (information for host state regulator), for “Authority”,...
s.sch004
In paragraph 20B (notice of intention to market), for “Authority”,...
s.sch004
In paragraph 22 (continuing regulation of UK firms), in sub-paragraph...
s.sch004
(1) Paragraph 23 (power to impose requirements) is amended as...
s.sch004
(1) Paragraph 24 (which relates to UK firms exercising rights...
s.sch004
After paragraph 24 insert— Arrangements between FCA and PRA (1) The regulators may make arrangements about—
s.sch004
In paragraph 25 (information to be included in the public...
s.sch004
In paragraph 26 (UK management companies: delegation of functions), for...
s.sch004
(1) Paragraph 13 (establishment) is amended as follows.
s.sch004
In paragraph 27 (UK management companies: withdrawal of authorisation), for...
s.sch004
In paragraph 28 (management companies: request for information), for “Authority”,...
s.sch004
Schedule 4 to FSMA 2000 (Treaty rights) is amended as...
s.sch004
(1) Paragraph 3 (exercise of Treaty rights) is amended as...
s.sch004
After paragraph 3 insert— Notification between UK regulators Regulations may require the PRA and the FCA to notify...
s.sch004
(1) Paragraph 4 (permission) is amended as follows.
s.sch004
(1) Paragraph 5 (notice to Authority) is amended as follows....
s.sch004
(1) Section 34 of FSMA 2000 (EEA firms) is amended...
s.sch004
(1) Section 35 of FSMA 2000 (Treaty firms) is amended...
s.sch004
Part 13 of FSMA 2000 (incoming firms: intervention by Authority)...
s.sch004
(1) Paragraph 14 (services) is amended as follows.
s.sch004
In the heading to Part 13, for “Authority” substitute “...
s.sch004
In section 193 (interpretation of Part 13), in subsection (1),...
s.sch004
(1) Section 194 (general grounds on which power of intervention...
s.sch004
(1) Section 194A (contravention by relevant EEA firm with UK...
s.sch004
(1) Section 195 (exercise of power in support of overseas...
s.sch004
(1) Section 195A (contravention by relevant EEA firm or EEA...
s.sch004
For section 196 substitute— The power of intervention (1) If a regulator is entitled to exercise its power...
s.sch004
(1) Section 197 (procedure on exercise of power of intervention)...
s.sch004
(1) Section 198 (power to apply to court for injunction...
s.sch004
(1) Section 199 (additional procedure for EEA firms in certain...
s.sch004
(1) Paragraph 15A (application for approval to manage UCITS) is...
s.sch004
(1) Section 199A (management companies: loss of authorisation) is amended...
s.sch004
(1) Section 200 (rescission and variation of requirements) is amended...
s.sch004
For section 201 substitute— Effect of certain requirements on other...
s.sch004
In section 202 (contravention of requirement imposed under Part 13),...
s.sch004
(1) Paragraph 15B (representations and references to the Tribunal) is...
s.sch004
In paragraph 15C (information to home state regulator), in sub-paragraph...
s.sch004
In paragraph 17 (continuing regulation of EEA firms)—
s.sch004
In paragraph 18 (giving up right to authorisation), in paragraph...
s.sch004
In Part 3 (exercise of passport rights by UK firms),...
s.sch005
Part 5 of FSMA 2000 is amended as follows.
s.sch005
(1) Section 63C (statement of policy) is amended as follows....
s.sch005
(1) Section 63D (statement of policy: procedure) is amended as...
s.sch005
(1) Section 64 (conduct of approved persons: statement and codes)...
s.sch005
(1) Section 65 (statements and codes: procedure) is amended as...
s.sch005
(1) Section 66 (disciplinary powers) is amended as follows.
s.sch005
(1) Section 67 (disciplinary measures: procedure and right to refer...
s.sch005
In section 68 (publication), for “the Authority” substitute “ the...
s.sch005
(1) Section 69 (statement of policy) is amended as follows....
s.sch005
(1) Section 70 (statements of policy: procedure) is amended as...
s.sch005
(1) Section 58 (applications relating to prohibition orders: procedure and...
s.sch005
In section 59 (approval for particular arrangements), omit subsection (9)....
s.sch005
(1) Section 60 (applications for approval), for “Authority” or “Authority's”,...
s.sch005
(1) Section 61 (determination of applications) is amended as follows....
s.sch005
(1) Section 62 (applications for approval: procedure and right to...
s.sch005
(1) Section 63 (withdrawal of approval) is amended as follows....
s.sch005
In section 63A (performance of controlled functions without approval: power...
s.sch005
In section 63B (procedure and right to refer to Tribunal),...
s.sch006
Part 7 of FSMA 2000 is amended as follows.
s.sch006
In paragraph 1, for “the Authority”, in each place, substitute...
s.sch006
(1) Paragraph 2 is amended as follows.
s.sch006
In paragraph 3, for “Authority” substitute “ appropriate regulator ”....
s.sch006
In paragraph 4, for “Authority”, in the first place, substitute...
s.sch006
In paragraph 5, for “Authority”, in the first place, substitute...
s.sch006
In paragraph 5A, for “the Authority” substitute “ the appropriate...
s.sch006
In paragraph 8(2)— (a) for paragraph (a) substitute—
s.sch006
In paragraph 9, for “Authority” substitute “ appropriate regulator ”....
s.sch006
(1) Paragraph 9A is amended as follows.
s.sch006
(1) Paragraph 10 is amended as follows.
s.sch006
Before section 104 insert— Meaning of “the appropriate regulator” (1) In this Part “the appropriate regulator” means—
s.sch006
(1) Section 109 (scheme reports) is amended as follows.
s.sch006
(1) Section 110 (right to participate in proceedings) is amended...
s.sch006
In section 112 (effect of order sanctioning business transfer scheme),...
s.sch006
After section 112 insert— Duty of regulator to provide copy...
s.sch006
(1) Section 113 (appointment of actuary) is amended as follows....
s.sch006
In section 115 (certificates for purposes of insurance business transfers...
s.sch006
Schedule 12 to FSMA (transfer schemes: certificates) is amended as...
s.sch007
This is the Schedule 17A to be inserted in FSMA...
s.sch008
FSMA 2000 is amended as follows.
s.sch008
(1) Section 293 (notification requirements) is amended as follows.
s.sch008
For section 293A substitute— Information: compliance with EU requirements The appropriate regulator may require a recognised body to give...
s.sch008
In section 294 (modification or waiver of rules), in subsections...
s.sch008
(1) Section 295 (notification: overseas investment exchanges and overseas clearing...
s.sch008
(1) Section 296 (power to give directions) is amended as...
s.sch008
(1) Section 297 (revoking recognition) is amended as follows.
s.sch008
In section 298 (directions and revocation: procedure)—
s.sch008
In section 299 (complaints about recognised bodies), in subsections (1)...
s.sch008
In section 300A (power to disallow excessive regulatory provision)—
s.sch008
In section 300B (duty to notify proposal to make regulatory...
s.sch008
(1) Section 286 (qualification for recognition) is amended as follows....
s.sch008
In section 300C (restriction on making provision before Authority decides...
s.sch008
(1) Section 300D (consideration by Authority whether to disallow proposed...
s.sch008
(1) Section 301 (supervision of certain contracts) is amended as...
s.sch008
In section 301A (obligation to notify the Authority: acquisitions of...
s.sch008
In section 301B (requirements for s.301A notices), in subsections (1)...
s.sch008
In section 301C (acknowledgement of receipt), in subsections (1) and...
s.sch008
In section 301F (assessment: general), in subsections (1) to (3),...
s.sch008
(1) Section 301G (assessment: procedure) is amended as follows.
s.sch008
In section 301H (duration of approval), in subsections (1), (2)...
s.sch008
In section 301I (objections by the Authority), in subsections (1)...
s.sch008
(1) Section 287 (application by an investment exchange) is amended...
s.sch008
In section 301J (restriction notices), in subsections (1), (2)(b), (3)...
s.sch008
In section 301K (order for sale of shares), in subsection...
s.sch008
(1) Section 301L (offences under Chapter) is amended as follows....
s.sch008
In section 312A (exercise of passport rights by EEA market...
s.sch008
In section 312B (removal of passport rights from EEA market...
s.sch008
In section 312C (exercise of passport rights by recognised investment...
s.sch008
(1) Section 313 (interpretation) is amended as follows.
s.sch008
In section 392 (warning and decisions notices: application of provisions...
s.sch008
In section 412A (approval and monitoring of trade-matching and reporting...
s.sch008
In section 412B (procedure for approval and suspension or withdrawal...
s.sch008
(1) Section 288 (application by a clearing house) is amended...
s.sch008
In section 289 (applications: supplementary), in subsections (1), (2) (in...
s.sch008
(1) Section 290 (recognition orders) is amended as follows.
s.sch008
(1) Section 290A (refusal of recognition on ground of excessive...
s.sch008
In section 292 (overseas investment exchanges and overseas clearing house),...
s.sch008
In section 292A (publication of information by recognised investment exchange),...
s.sch009
FSMA 2000 is amended as follows.
s.sch009
In Part 14 (disciplinary measures), before section 205 insert— Meaning...
s.sch009
In section 205 (public censure)— (a) for “Authority”, in the...
s.sch009
(1) Section 206 (financial penalties) is amended as follows.
s.sch009
(1) Section 206A (suspending permission to carry on regulated activities...
s.sch009
In section 207(1) (proposal to take disciplinary measures), for “the...
s.sch009
In section 208(1) and (4) (decision notice), for “the Authority”,...
s.sch009
In section 209 (publication), for “the Authority” substitute “ the...
s.sch009
(1) Section 210 (statements of policy) is amended as follows....
s.sch009
(1) Section 211 (statements of policy: procedure) is amended as...
s.sch009
(1) Section 380 (injunctions) is amended as follows.
s.sch009
(1) Section 20 (authorised persons acting without permission) is amended...
s.sch009
(1) Section 381 (injunctions in case of market abuse) is...
s.sch009
(1) Section 382 (restitution orders) is amended as follows.
s.sch009
In section 383(1), (4), (5) and (9) (restitution orders in...
s.sch009
(1) Section 384 (power of Authority to require restitution) is...
s.sch009
(1) Section 385 (warning notices) is amended as follows.
s.sch009
In section 386(1) and (3) (decision notices), for “Authority” substitute...
s.sch009
(1) Section 387 (warning notices) is amended as follows.
s.sch009
(1) Section 388 (decision notices) is amended as follows.
s.sch009
In section 389(1) (notices of discontinuance)— (a) for “the Authority”...
s.sch009
(1) Section 390 (final notices) is amended as follows.
s.sch009
(1) Section 23 (contravention of the general prohibition) is amended...
s.sch009
(1) Section 391 (publication) is amended as follows.
s.sch009
(1) Section 392 (application of sections 393 and 394) is...
s.sch009
(1) Section 393 (third party rights) is amended as follows....
s.sch009
(1) Section 394 (access to Authority material) is amended as...
s.sch009
(1) Section 395 (the Authority's procedures) is amended as follows....
s.sch009
(1) Section 396 (statements under s.395: consultation) is amended as...
s.sch009
(1) Section 398 (misleading the Authority: residual cases) is amended...
s.sch009
In section 400 (offences by a body corporate etc) after...
s.sch009
(1) Section 401 (proceedings for offences) is amended as follows....
s.sch009
(1) Section 402 (power of the Authority to institute proceedings...
s.sch009
After section 23 insert— Parliamentary control in relation to certain...
s.sch009
In section 403 (jurisdiction and procedure in respect of offences),...
s.sch009
After section 415A insert— Consultation Consultation in relation to taking...
s.sch009
After section 26 insert— Agreements relating to credit (1) An agreement that is made by an authorised person...
s.sch009
In section 27 (agreements made through unauthorised persons) for subsection...
s.sch009
In section 28 (agreements made unenforceable by section 26 or...
s.sch009
After section 28 insert— Credit-related agreements made unenforceable by section...
s.sch009
(1) In the provisions of Part 8 (market abuse) mentioned...
s.sch010
Part 15 of FSMA 2000 (the Financial Services Compensation Scheme)...
s.sch010
(1) Section 218 (annual report) is amended as follows.
s.sch010
After section 218 insert— Audit of accounts (1) The scheme manager must send a copy of its...
s.sch010
(1) Section 218A (power to require information) is amended as...
s.sch010
In section 221 (powers of court), in subsection (2), after...
s.sch010
In section 222 (statutory immunity), in subsection (1), omit “board...
s.sch010
In section 224 (scheme manager's power to inspect documents), in...
s.sch010
(1) Section 212 (the scheme manager) is amended as follows....
s.sch010
(1) Section 213 (the compensation scheme) is amended as follows....
s.sch010
In section 214 (general provisions of the scheme), in subsection...
s.sch010
In section 215 (rights of the scheme in insolvency), for...
s.sch010
In section 217 (insurers in financial difficulties), in subsection (5),...
s.sch010
After section 217 insert— Relationship with the regulators Co-operation (1) Each regulator and the scheme manager must take such...
s.sch010
For the italic heading before section 218 substitute “ Annual...
s.sch010
Before section 218 insert— Annual plan (1) The scheme manager must in respect of each of...
s.sch011
In section 226 (compulsory jurisdiction), in subsection (3)(a), for “Authority”...
s.sch011
In section 234 (industry funding), in subsection (1), for “Authority”...
s.sch011
In section 234A (funding by consumer credit licensees), in subsection...
s.sch011
After section 234A insert— Successors to businesses Transfers of liability...
s.sch011
Schedule 17 (the ombudsman scheme) is amended as follows.
s.sch011
For paragraph 2 (and the italic heading before it) substitute—...
s.sch011
In paragraph 3 (constitution)— (a) for “Authority”, in each place,...
s.sch011
After paragraph 3 insert— Relationship with FCA (1) The scheme operator and the FCA must each take...
s.sch011
In paragraph 6 (status), in sub-paragraph (2), omit “board members,”....
s.sch011
In paragraph 7 (annual reports)— (a) for “Authority”, in each...
s.sch011
After paragraph 7 insert— Audit of accounts (1) The scheme operator must send a copy of its...
s.sch011
In section 226A (consumer credit jurisdiction), in subsection (7), for...
s.sch011
For the italic heading before paragraph 8 substitute “ Information,...
s.sch011
In paragraph 8 (guidance), for “guidance consisting of such information...
s.sch011
In paragraph 9 (budget), for “Authority”, in each place, substitute...
s.sch011
After paragraph 9 insert— Annual plan (1) The scheme operator must in respect of each of...
s.sch011
In paragraph 13 (procedural rules)— (a) for “Authority”, in each...
s.sch011
In paragraph 14 (scheme operator's rules)— (a) in sub-paragraph (2),...
s.sch011
In paragraph 16B (procedure for complaints etc), in sub-paragraph (1),...
s.sch011
In paragraph 16E (consumer credit rules), for “Authority”, in each...
s.sch011
In paragraph 18 (terms of reference), for “Authority”, in each...
s.sch011
In paragraph 19 (delegation), in sub-paragraph (3), for “Authority” substitute...
s.sch011
In section 227 (voluntary jurisdiction), in subsection (6), for “Authority's”...
s.sch011
In paragraph 20 (voluntary jurisdiction rules: procedure), for “Authority”, in...
s.sch011
(1) Section 228 (determination under the compulsory and consumer credit...
s.sch011
In section 229 (awards), in subsection (4), for “Authority” substitute...
s.sch011
In section 230 (costs), in subsection (2), for “Authority” substitute...
s.sch011
After section 230 insert— Reports of determinations (1) The scheme operator must publish a report of any...
s.sch011
In section 232 (powers of court), in subsection (2), after...
s.sch011
After section 232 insert— Scheme operator's duty to provide information...
s.sch012
(1) Section 165 (power to require information) is amended as...
s.sch012
In section 169A (supporting an overseas regulator regarding financial stability),...
s.sch012
In section 170 (investigations: general), in subsection (10), for paragraphs...
s.sch012
In section 174 (admissibility of statements to investigators), in subsection...
s.sch012
(1) Section 175 (information and documents: supplemental) is amended as...
s.sch012
(1) Section 176 (entry of premises under warrant) is amended...
s.sch012
After section 176 insert— Retention of documents taken under section...
s.sch012
(1) Section 347 (record of authorised persons) is amended as...
s.sch012
After section 347 insert— Duty of PRA to disclose information...
s.sch012
(1) Section 348 (restrictions on disclosure of information) is amended...
s.sch012
(1) Section 349 (exceptions from section 348) is amended as...
s.sch012
In section 165A (power to require information relevant to financial...
s.sch012
(1) Section 350 (disclosure of information by HMRC) is amended...
s.sch012
Omit section 351 (competition information).
s.sch012
In section 351A (disclosure under the UCITS directive), in subsection...
s.sch012
(1) In section 353 (removal of other restrictions on disclosure),...
s.sch012
After section 353 insert— Information received from Bank of England...
s.sch012
For section 354 substitute— FCA's duty to co-operate with others...
s.sch012
In section 165B (safeguards relating to section 165A)—
s.sch012
In section 165C (orders under section 165A(2)(d)) for subsection (1)...
s.sch012
For section 166 (reports by skilled persons) substitute— Reports by...
s.sch012
After section 166 insert— Appointment of skilled person to collect...
s.sch012
(1) Section 167 (appointment of investigator in general cases) is...
s.sch012
(1) Section 168 (appointment of investigator in specific cases) is...
s.sch012
(1) Section 169 (investigations at the request of an overseas...
s.sch013
FSMA 2000 is amended as follows.
s.sch013
In Part 22 (auditors and actuaries), before section 340 (and...
s.sch013
(1) Section 340 (appointment) is amended as follows.
s.sch013
(1) Section 342 (information given by auditor or actuary) is...
s.sch013
(1) Section 343 (information given by auditor or actuary: persons...
s.sch013
(1) Section 344 (duty of auditor or actuary resigning to...
s.sch013
(1) For section 345 (disqualification of auditor or actuary) and...
s.sch013
(1) Section 392 (application of sections 393 and 394) is...
s.sch014
Part 24 of FSMA 2000 is amended as follows.
s.sch014
(1) Section 363 (powers to participate in proceedings: receivership) is...
s.sch014
In section 364 (receiver's duty to report to Authority)—
s.sch014
(1) Section 365 (powers to participate in proceedings: voluntary winding...
s.sch014
(1) Section 366 (insurers effecting or carrying out long-term contracts...
s.sch014
(1) Section 367 (winding-up petitions) is amended as follows.
s.sch014
(1) Section 368 (winding-up petitions: EEA and Treaty firms) is...
s.sch014
(1) Section 369 (insurers: service of petition etc. on Authority)...
s.sch014
(1) Section 369A (reclaim funds: service of petition etc. on...
s.sch014
For section 370 substitute— Liquidator's duty to report to FCA...
s.sch014
(1) Section 371 (power to participate in proceedings: winding up...
s.sch014
In section 355 (interpretation of Part 24) at the end...
s.sch014
(1) Section 372 (bankruptcy petitions) is amended as follows.
s.sch014
(1) Section 373 (insolvency practitioner's duty to report to Authority)...
s.sch014
(1) Section 374 (Authority's powers to participate in proceedings: bankruptcy)...
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(1) Section 375 (Authority's right to apply for an order...
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(1) Section 376 (continuation of contracts of long-term insurance where...
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(1) Section 356 (powers to participate in proceedings: company voluntary...
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(1) Section 357 (powers to participate in proceedings: individual voluntary...
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(1) Section 358 (powers to participate in proceedings: trust deeds...
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(1) Section 359 (administration order) is amended as follows.
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(1) Section 361 (administrator's duty to report) is amended as...
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(1) Section 362 (powers to participate in proceedings: administration orders)...
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(1) Section 362A (administrator appointed by company or directors) is...
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Schedule 1A (further provision about the consumer financial education body)...
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In paragraph 9 (annual reports)— (a) for “Authority”, in each...
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After paragraph 9 insert— Audit of accounts (1) The consumer financial education body must send a copy...
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In paragraph 11 (meaning of “relevant costs”) for “Authority” substitute...
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In paragraph 12 (funding) for “Authority”, in each place, substitute...
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In paragraph 13 (funding by consumer credit licensees), in sub-paragraph...
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In paragraph 15 (reviews of use of resources), for “Authority”,...
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In the title to the Schedule, in the marginal reference,...
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In paragraph 1 (ensuring exercise of functions) for “Authority”, in...
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In paragraph 2 (constitution) for “Authority”, in each place, substitute...
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In paragraph 3 (status), in sub-paragraph (2), omit “board members,”....
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In paragraph 4 (discharge of functions by others), in sub-paragraph...
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In paragraph 5 in sub-paragraph (1), for “section 6A(1)” substitute...
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For paragraph 6 (and the italic heading before it) substitute—...
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In paragraph 7 (budget) for “Authority”, in each place, substitute...
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In paragraph 8 (annual plan)— (a) for “Authority”, in each...
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In section 325 (general duty)— (a) for “Authority”, in each...
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In section 328 (directions relating to the general prohibition), for...
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In section 329 (orders relating to the general prohibition), for...
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In section 330 (consultation)— (a) for “Authority”, in each place,...
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In section 331 (procedure for making orders), for “Authority”, in...
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In section 332 (rules relating to persons to whom the...
s.sch017
Part 1 of the Banking Act 2009 is amended as...
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In section 9 (specific conditions: temporary public ownership), in subsection...
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In section 10 (Banking Liaison Panel), in subsection (3), for...
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In section 24 (procedure: instruments), in subsection (1), for paragraph...
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In section 25 (procedure: orders), in subsection (2), for paragraph...
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In section 26 (supplemental instruments), in subsection (5), for paragraph...
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In section 27 (supplemental orders), in subsection (5), for paragraph...
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In section 28 (onward transfer), in subsection (6), for paragraph...
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In section 29 (reverse share transfer), in subsection (6), for...
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In section 30 (bridge bank: share transfers), in subsection (5),...
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In section 31 (bridge bank: reverse share transfer), in subsection...
s.sch017
(1) Section 1 (overview) is amended as follows.
s.sch017
In section 41 (procedure), in subsection (1), for paragraph (c)...
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In section 42 (supplemental instruments), in subsection (5), for paragraph...
s.sch017
In section 43 (onward transfer), in subsection (7), for paragraph...
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In section 44 (reverse property transfer), in subsection (6), for...
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In section 45 (temporary public ownership: property transfer), in subsection...
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In section 46 (temporary public ownership: reverse property transfer), in...
s.sch017
In section 57 (valuation principles), in subsection (4)(a), for “Part...
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(1) Section 82 (temporary public ownership) is amended as follows....
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After section 83 insert— Banks not regulated by PRA Modifications...
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Part 2 of the Banking Act 2009 is amended as...
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In section 2 (interpretation: “bank”), for “Part 4” substitute “...
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In section 91 (interpretation: “bank”), for “Part 4” substitute “...
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In section 93 (interpretation: other expressions), for subsection (1) substitute—...
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In section 95 (application), in subsection (1)(b), for “FSA” substitute...
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In section 96 (grounds for applying), for “FSA”, in each...
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In section 97 (grounds for making), in subsection (1), for...
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In section 98 (commencement), in subsection (2), for “FSA”, in...
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(1) Section 100 (liquidation committee) is amended as follows.
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In section 101 (liquidation committee: supplemental), in subsection (7), for...
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In section 103 (general powers, duties and effect), in the...
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(1) Section 108 (removal by court) is amended as follows....
s.sch017
In section 3 (interpretation: other expressions), for the definition of...
s.sch017
In section 109 (removal by creditors), in subsection (4) for...
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In section 113 (company voluntary arrangement), in subsection (2)(b), for...
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In section 115 (dissolution), in subsection (2)(b), for sub-paragraph (i)...
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In section 117 (bank insolvency as alternative order), in subsection...
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(1) Section 120 (notice of preliminary steps) is amended as...
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After section 129 insert— Banks not regulated by PRA (1) In the application of this Part to an FCA-regulated...
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Part 3 of the Banking Act 2009 is amended as...
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In section 147 (administrator's proposals), in subsection (6), for “FSA”...
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In section 153 (successful rescue), in subsection (3), for “FSA”...
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In section 157 (other processes), in subsection (1), for “Before...
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In section 4 (special resolution objectives), in subsection (3), for...
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After section 157 insert— Banks not regulated by PRA (1) In the application of this Part to an FCA-regulated...
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In section 166 (interpretation: general), for subsection (2) substitute—
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Parts 4 to 6 of the Banking Act 2009 are...
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(1) Section 183 (interpretation of Part 5) is amended as...
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In section 223 (termination of right to issue), in subsections...
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(1) Section 232 (definition) is amended as follows.
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In section 234 (regulations: details), for subsection (8)(b) substitute—
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In section 235 (regulations: procedure), at the end insert—
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In section 246 (information), in subsection (2)—
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(1) Section 249 (functions) is amended as follows.
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In section 5 (code of practice), in subsection (5), for...
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In section 250 (information), for “Financial Services Authority” substitute “...
s.sch017
(1) Section 259 (statutory instruments) is amended as follows.
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In the Table in section 261 (index of defined terms)—...
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(1) Section 6 (code of practice: procedure) is amended as...
s.sch017
(1) Section 7 (general conditions) is amended as follows.
s.sch017
In section 8 (specific conditions: private sector purchaser and bridge...
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FSMA 2000 is amended as follows.
s.sch018
(1) Section 249 (disqualification of auditor for breach of trust...
s.sch018
In Part 1 of Schedule 28 to the Finance Act...
s.sch018
In Part 4 of Schedule 20 to the Energy Act...
s.sch018
In section 35 of the Fire and Rescue Services Act...
s.sch018
In section 14 of the Companies (Audit, Investigations and Community...
s.sch018
(1) The Pensions Act 2004 is amended as follows.
s.sch018
In section 23 of the Inquiries Act 2005 (risk of...
s.sch018
(1) Section 71 of the Serious Organised Crime and Police...
s.sch018
In Part 2 of Schedule 6 to the Gambling Act...
s.sch018
In section 18 of the Finance (No. 2) Act 2005...
s.sch018
(1) Section 3 of the Compensation Act 2006 (mesothelioma: damages)...
s.sch018
(1) Section 250 (modification or waiver of rules) is amended...
s.sch018
The Companies Act 2006 is amended as follows.
s.sch018
In section 384 (companies excluded from small companies regime), in...
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(1) Section 461 (permitted disclosure of information obtained under compulsory...
s.sch018
In section 467 (companies excluded from being treated as medium-sized),...
s.sch018
In section 470 (power to apply provisions to banking partnerships),...
s.sch018
In section 474 (definitions), in subsection (1), in the definition...
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In section 539 (definitions), in subsection (1), in the definition...
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(1) Section 843 (realised profits and losses of long-term insurance...
s.sch018
In section 948 (restrictions on disclosure), in subsection (7)—
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In section 950 (Panel on Takeovers and Mergers: duty of...
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In section 257 (directions), in subsection (5), for “section 150”...
s.sch018
In section 995 (petition by Secretary of State), in subsection...
s.sch018
In section 1164 (meaning of “banking company” and “banking group”),...
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In section 1165 (meaning of “insurance company” etc.), in subsection...
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(1) Schedule 2 (specified persons and descriptions of disclosure for...
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(1) Schedule 11A (specified persons, description, disclosures etc. for the...
s.sch018
(1) The Legal Services Act 2007 is amended as follows....
s.sch018
In Schedule 5 to the Regulatory Enforcement and Sanctions Act...
s.sch018
(1) Schedule 7 to the Counter-Terrorism Act 2008 (terrorist financing...
s.sch018
In section 7 of the Dormant Bank and Building Society...
s.sch018
(1) The Corporation Tax Act 2010 is amended as follows....
s.sch018
In section 267 (power to suspend promotion of scheme)—
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In Part 3 of Schedule 1 to the Finance Act...
s.sch018
In Part 1 of Schedule 19 to the Equality Act...
s.sch018
In Part 3 of Schedule 10 to the Postal Services...
s.sch018
(1) Part 4 of Schedule 19 to the Finance Act...
s.sch018
In Part 1 of Schedule 1 to the Terrorism Prevention...
s.sch018
In section 109 of the Charities Act 2011 (dormant bank...
s.sch018
In section 145 of the Health and Social Care Act...
s.sch018
(1) The Legal Aid, Sentencing and Punishment of Offenders Act...
s.sch018
In section 106 of the Charities and Trustee Investment (Scotland)...
s.sch018
In section 268 (section 267: procedure)— (a) in subsection (2),...
s.sch018
In section 75 of the Housing (Scotland) Act 2006 (determination...
s.sch018
In section 127A of the County Courts Act (Northern Ireland)...
s.sch018
In section 9A of the District Judges (Magistrates' Courts) Pensions...
s.sch018
(1) The Charities Act (Northern Ireland) 2008 is amended as...
s.sch018
In Schedule 6 to the Welsh Language (Wales) Measure 2011...
s.sch018
In section 269 (procedure: application for variation or revocation of...
s.sch018
In section 270 (schemes authorised in designated countries or territories)—...
s.sch018
In section 284 (power to investigate), in subsection (11), for...
s.sch018
In section 404 (consumer redress scheme), for “Authority”, in each...
s.sch018
In section 404A (supplementary provision relating to rules under section...
s.sch018
(1) Section 33 (withdrawal of authorisation) is amended as follows....
s.sch018
(1) Section 404F (definitions etc.) is amended as follows.
s.sch018
(1) Section 405 (directions) is amended as follows.
s.sch018
(1) Section 407 (consequences of a direction under section 405)...
s.sch018
In section 409 (Gibraltar), in subsection (2), for “Part IV...
s.sch018
In section 415 (jurisdiction in civil proceedings), in subsection (1),...
s.sch018
(1) Section 415A (interpretation of powers under the Act) is...
s.sch018
In paragraph 8 of Schedule 6 (additional threshold conditions), in...
s.sch018
In section 9 of the Bankers' Books Evidence Act 1879...
s.sch018
In section 5 of the Agricultural Credits Act 1928 (agricultural...
s.sch018
In section 9 of the Agricultural Credits (Scotland) Act 1929...
s.sch018
(1) Section 36 (persons authorised as a result of being...
s.sch018
In section 27A of the Fire Services Act 1947 (information...
s.sch018
In section 57 of the Reserve and Auxiliary Forces (Protection...
s.sch018
In section 24A of the Theft Act 1968 (dishonestly retaining...
s.sch018
In section 7 of the Decimal Currency Act 1969 (payments...
s.sch018
In section 1 of the Employers' Liability (Compulsory Insurance) Act...
s.sch018
In section 1 of the Superannuation Act 1972 (superannuation schemes:...
s.sch018
In section 9 of the Employment Agencies Act 1973 (inspection),...
s.sch018
(1) The Consumer Credit Act 1974 is amended as follows....
s.sch018
In section 87 of the Solicitors Act 1974 (interpretation), in...
s.sch018
In Part 3 of Schedule 1 to the House of...
s.sch018
In section 38 (exemption orders), in subsection (2), for “Part...
s.sch018
In Part 3 of Schedule 1 to the Northern Ireland...
s.sch018
In section 8A of the Police Pensions Act 1976 (information...
s.sch018
In section 33A of the Judicial Pensions Act 1981 (voluntary...
s.sch018
In section 7 of the Lloyd's Act 1982 (the Disciplinary...
s.sch018
In section 59 of the Inheritance Tax Act 1984 (qualifying...
s.sch018
The Companies Act 1985 is amended as follows.
s.sch018
In Schedule 15C (specified persons), for paragraph 7 substitute— The Financial Conduct Authority. The Prudential Regulation Authority. The Bank of England.
s.sch018
(1) Schedule 15D (disclosures) is amended as follows.
s.sch018
In Part 3 of Schedule 1 to the Trustee Savings...
s.sch018
In section 21 of the Administration of Justice Act 1985...
s.sch018
(1) Section 39 (exemption of appointed representatives) is amended as...
s.sch018
In section 622 of the Housing Act 1985 (minor definitions:...
s.sch018
The Insolvency Act 1986 is amended as follows.
s.sch018
(1) Section 4A (approval of proposed voluntary arrangement) is amended...
s.sch018
In section 422 (order relating to formerly authorised banks), in...
s.sch018
(1) Paragraph 44 of Schedule A1 (moratorium where directors propose...
s.sch018
(1) Schedule B1 (administration) is amended as follows.
s.sch018
In section 73F of the Debtors (Scotland) Act 1987 (protection...
s.sch018
In section 338 of the Housing (Scotland) Act 1987 (interpretation),...
s.sch018
(1) The Income and Corporation Taxes Act 1988 is amended...
s.sch018
In section 2 of the Access to Medical Reports Act...
s.sch018
In section 39A (tied agents operating outside the United Kingdom),...
s.sch018
In section 95 of the Road Traffic Act 1988 (notification...
s.sch018
In section 174 of the Water Act 1989 (restriction on...
s.sch018
The Companies Act 1989 is amended as follows.
s.sch018
(1) Section 82 (request for assistance by overseas regulatory authority)...
s.sch018
(1) Section 87 (exceptions from restrictions on disclosure) is amended...
s.sch018
(1) Section 157 (change in default rules) is amended as...
s.sch018
(1) Section 162 (duty to report on completion of default...
s.sch018
(1) Section 167 (application to determine whether default proceedings to...
s.sch018
(1) Section 169 (supplementary provisions) is amended as follows.
s.sch018
(1) Section 176 (power to make provision about certain charges)...
s.sch018
In section 97(1)(d) (contravention of Part 6 rules: appointment of...
s.sch018
(1) Section 190 (minor definitions) is amended as follows.
s.sch018
(1) Section 191 (index of defined expressions) is amended as...
s.sch018
In section 206 of the Water Industry Act 1991 (restriction...
s.sch018
In section 204 of the Water Resources Act 1991 (restriction...
s.sch018
(1) The Social Security Administration Act 1992 is amended as...
s.sch018
(1) The Judicial Pensions and Retirement Act 1993 is amended...
s.sch018
In Schedule 1 to the Criminal Justice Act 1993 (special...
s.sch018
(1) The Railways Act 1993 is amended as follows.
s.sch018
(1) The Pension Schemes Act 1993 is amended as follows....
s.sch018
(1) The Finance Act 1994 is amended as follows.
s.sch018
In section 177 (offences), in subsection (2), after “director or”...
s.sch018
In section 59 of the Coal Industry Act 1994 (information...
s.sch018
In Part 2 of Schedule 9 to the Value Added...
s.sch018
(1) The Pensions Act 1995 is amended as follows.
s.sch018
In section 96 of the Finance Act 1997 (demutualisation of...
s.sch018
In Part 1 of Schedule 1 to the Social Security...
s.sch018
(1) The Bank of England Act 1998 is amended as...
s.sch018
In Schedule 7 to the Data Protection Act 1998 (miscellaneous...
s.sch018
(1) The Terrorism Act 2000 is amended as follows.
s.sch018
In Part 1 of Schedule 1 to the Regulation of...
s.sch018
In section 105 of the Utilities Act 2000 (general restriction...
s.sch018
(1) In each of the provisions of Part 17 (collective...
s.sch018
(1) Section 29 of the Trustee Act 2000 (remuneration of...
s.sch018
In Part 6 of Schedule 1 to the Freedom of...
s.sch018
In section 57 of the Criminal Justice and Police Act...
s.sch018
In Part 5 of Schedule 1 to the Anti-terrorism, Crime...
s.sch018
(1) The Proceeds of Crime Act 2002 is amended as...
s.sch018
(1) The Enterprise Act 2002 is amended as follows.
s.sch018
In section 135 of the Nationality, Immigration and Asylum Act...
s.sch018
(1) The Income Tax (Earnings and Pensions) Act 2003 is...
s.sch018
In section 63 of the Finance Act 2003 (demutualisation of...
s.sch018
In Schedule 10 to the Health and Social Care (Community...
s.sch020
In this Schedule “the relevant commencement” means the time when...
s.sch020
(1) The following amendments of the Postal Services Act 2000...
s.sch020
(1) In this Act, unless the context otherwise requires, a...
s.sch020
(1) In a relevant provision, a reference (however expressed) to...
s.sch020
(1) On the relevant commencement, the registrar of companies for...
s.sch020
Before section 11 comes into force in relation to section...
s.sch020
In relation to the first order under section 9L of...
s.sch020
(1) This paragraph applies where a provision of Part 5...
s.sch020
(1) The first order under section 22A of FSMA 2000...
s.sch020
(1) The FSA may disclose to the PRA any information...
s.sch021
In this Part of this Schedule— “the Bank” means the...
s.sch021
A transfer scheme which relates to rights and liabilities under...
s.sch021
(1) The FSA must make one or more schemes under...
s.sch021
The property, rights and liabilities that may be the subject...
s.sch021
A transfer scheme may— (a) apportion, or provide for the...
s.sch021
A transfer scheme which relates to rights and liabilities under...
s.sch021
In this Part of this Schedule “the OFT” means the...
s.sch021
(1) This paragraph applies if after the passing of this...
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The property, rights and liabilities that may be the subject...
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A transfer scheme may— (a) apportion, or provide for the...
Help complying
Guvnor’s practical routes through this instrument.
Respond to FCA enforcement action or investigation
What to do if the FCA contacts your consumer credit firm about enforcement action, a skilled person review, or formal investigation. Covers …
Start offering consumer credit to customers
End-to-end learning path for businesses new to consumer credit. Covers understanding FCA regulation, obtaining authorisation, setting up pre-contract disclosures and affordability assessments, …
Start a financial services business
Launch an FCA-regulated financial services business with proper authorisation
Address an FCA threshold-conditions concern
What to do when FCA supervision has raised a concern that your firm no longer satisfies the threshold conditions. Covers diagnosing the …
Get FCA authorised: from perimeter check to Connect submission
A six-phase learning path for first-time applicants. Walks you from establishing whether you need authorisation, through choosing your route, building governance foundations, …
5 more guides that reference this instrument
Connected legislation
Instruments made under this Act. They carry the detail the Act delegates.
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) (No. 2) Order 2013
SI 2013/642
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) (No. 3) Order 2013
SI 2013/1765
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) (No.4) Order 2013
SI 2013/2984
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.