Schedule 2, Part 1 Amendments of Financial Services and Markets Act 2000 (paras. 1-35)
DRAFT Paragraph deleted Schedule 2, Part 1 Amendment of primary legislation (paras. 1-3) of the Draft SI - Short Selling Regulations 2024
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1 The Financial Services and Markets Act 2000 is amended as follows.
2[deleted]
3 [deleted]
4 [deleted]
5 [deleted]
6 [deleted]
7 In the italic cross-heading before section 64, at the end insert "of approved persons".
(1) Section 66 (performance of regulated activities: disciplinary powers) is amended as follows.
(2) After subsection (5) insert -
"(5A) Approval" means an approval given under section 59."
(3) In subsection (7), omit "under section 59".
(4) After that subsection insert -
"(8) In relation to any time while a suspension is in force under subsection (3)(aa) in relation to part of a function, any reference in section 59 or 63A to the performance of a function includes the performance of part of a function.