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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 July 2013 - onwards
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Schedule 1, Part 1 Amendments to the Financial Services and Markets Act 2000 (paras. 1-36)

Regulation 80

1. The Act is amended as follows.

2. In section 1A(6) (the Financial Conduct Authority) [Sections 1A and 1L were substituted by section 6 of the Financial Services Act 2012.], after paragraph (c) omit "or" and insert -

"(ca) the Alternative Investment Fund Managers Regulations 2013, or".

3. In section 1L(2) (supervision, monitoring and enforcement), after paragraph (a) omit "or" and insert -

"(aa) with requirements imposed on them by the Alternative Investment Fund Managers Regulations 2013, or".

4. In section 55H (refusal by FCA to vary permission at request of authorised person), after subsection (4) insert -

"(4A) The FCA may also refuse an application under this section if it appears to the FCA that the authorised person would not comply with requirements in Part 5 of the Alternative Investment Fund Managers Regulations 2013 (AIFs which acquire control of non-listed companies and issuers) that would apply to the authorised person.".

5. In section 55J (variation or can

Comparing proposed amendment...