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| | Introductory Text |
| | Part 1 Ring-fencing (ss. 1-12) |
| | Ring-fencing (ss. 1-7) |
In force | 1. Objectives of Prudential Regulation Authority |
In force | 2. Modification of objectives of Financial Conduct Authority |
In force | 3. Amendment of PRA power of direction |
In force | 4. Ring-fencing of certain activities |
In force | 5. PRA annual report |
In force | 6. Ring-fencing transfer schemes |
In force | 7. Building societies: power to make provision about ring-fencing |
| | Reviews (ss. 8-12) |
In force | 8. Independent review of operation of legislation relating to ring-fencing |
In force | 9. PRA review of proprietary trading |
In force | 10. Independent review of proprietary trading |
In force | 11. Reviews of proprietary trading: interpretation |
In force | 12. Right to obtain documents and information |
| | Part 2 Depositor preference and the Financial Services Compensation Scheme (ss. 13-16) |
| | Depositor preference (s. 13) |
In force | 13. Preferential debts: Great Britain |
| | Financial Services Compensation Scheme (ss. 14-16) |
In force | 14. Discharge of functions by the scheme manager |
In force | 15. Power to require information from scheme manager |
In force | 16. Scheme manager: appointment of accounting officer |
| | Part 3 Bail-in stabilisation option (s. 17) |
In force | 17. Bail-in stabilisation option |
| | Part 4 Conduct of persons working in financial services sector (ss. 18-38) |
| | Amendments of FSMA 2000 (ss. 18-35) |
In force | 18. Functions for which approval is required |
In force | 19. Senior management functions |
In force | 20. Statements of responsibilities |
In force | 21. Vetting by relevant authorised persons of candidates for approval |
In force | 22. Determination of applications for approval |
In force | 23. Power to give approval subject to conditions or for limited period |
In force | 24. Changes in responsibilities of senior managers |
In force | 25. Duty to notify regulator of grounds for withdrawal of approval |
In force | 26. Variation of approval |
In force | 27. Statement of policy |
In force | 28. Extension of limitation periods for imposing sanctions |
In force | 29. Certification of employees by relevant authorised persons |
Partly in force | 30. Rules of conduct |
In force | 31. Requirement to notify regulator of disciplinary action |
In force | 32. Definition of "misconduct" |
Omitted | 33. Meaning of "relevant authorised person" |
In force | 34. Recording information about senior managers |
In force | 35. Consequential amendments relating to Part 4 |
| | Offence (ss. 36-38) |
In force | 36. Offence relating to a decision causing a financial institution to fail |
In force | 37. Section 36: interpretation |
In force | 38. Institution of proceedings |
| | Part 5 Regulation of payment systems (ss. 39-110) |
| | Overview (s. 39) |
In force | 39. Overview |
| | The Payment Systems Regulator (s. 40) |
In force | 40. The Payment Systems Regulator |
| | "Payment system" etc (ss. 41-42) |
In force | 41. Meaning of "payment system" |
In force | 42. Participants in payment systems etc |
| | Designation as a regulated payment system (ss.43-48) |
In force | 43. Designation orders |
In force | 44. Designation criteria |
In force | 45. Procedure |
In force | 46. Amendment of designation order |
In force | 47. Revocation of designation orders |
In force | 48. Publication |
| | General duties of Regulator (ss. 49-53) |
In force | 49. Regulator's general duties in relation to payment systems |
In force | 50. The competition objective |
In force | 51. The innovation objective |
In force | 52. The service-user objective |
In force | 53. Regulatory principles |
| | Regulatory and competition functions (ss. 54-67) |
In force | 54. Directions |
In force | 55. System rules |
In force | 56. Power to require granting of access to payment systems |
In force | 57. Variation of agreements relating to payment systems |
In force | 58. Power to require disposal of interest in payment system |
In force | 59. The Regulator's functions under Part 4 of the Enterprise Act 2002 |
In force | 60. Restrictions on exercise of functions under Part 4 of the Enterprise Act 2002 |
In force | 61. The Regulator's functions under the Competition Act 1998 |
In force | 62. Duty to consider exercise of powers under Competition Act 1998 |
In force | 63. Provision of information and assistance to a CMA group |
In force | 64. Function of keeping markets under review |
In force | 65. Exclusion of general duties |
In force | 66 Concurrent competition powers: supplementary provision |
In force | 67. Amendments relating to Regulator's competition powers |
| | Complaints (ss. 68-70) |
In force | 68. Complaints by representative bodies |
In force | 69. Response by Regulator |
In force | 70. Complaints: guidance |
| | Enforcement and appeals (ss. 71-80) |
In force | 71. Meaning of "compliance failure" |
In force | 72. Publication of compliance failures etc |
In force | 73. Penalties |
In force | 74. Warning notices |
In force | 75. Injunctions |
In force | 76. Appeals: general |
In force | 77. Appeals to Competition Appeal Tribunal |
In force | 78. Appeals in relation to penalties |
In force | 79. Appeals to Competition and Markets Authority |
In force | 80. Enforcement of requirement to dispose of interest in payment system |
| | Information and investigation powers (ss. 81-90) |
In force | 81. Power to obtain information or documents |
In force | 82. Reports by skilled persons |
In force | 83. Appointment of persons to conduct investigations |
In force | 84. Investigations: general |
In force | 85. Powers of persons appointed under section 83 |
In force | 86. Information and documents: supplemental provisions |
In force | 87. Admissibility of statements made to investigators |
In force | 88. Entry of premises under warrant |
In force | 89. Retention of documents taken under section 88 |
In force | 90. Enforcement of information and investigation powers |
| | Disclosure of information (ss. 91-95) |
In force | 91. Restrictions on disclosure of confidential information |
In force | 92. Exemptions from section 91 |
In force | 93. Offences relating to disclosure of confidential information |
In force | 94. Information received from Bank of England |
In force | 95. Disclosure of information by Bank to Regulator |
| | Guidance (s. 96) |
In force | 96. Guidance |
| | Reports (s. 97) |
In force | 97. Reports |
| | Technical Standards (ss. 97A-97D) |
In force | 97A. Technical standards |
In force | 97B. Standards instruments |
In force | 97C. Treasury approval |
In force | 97D. Application of section 104 of this Act and Part 9A of the Financial Services and Markets Act 2000 |
| | Relationship with other regulators (ss. 98-102) |
In force | 98. Duty of regulators to ensure co-ordinated exercise of functions |
In force | 99. Memorandum of understanding |
In force | 100. Power of Bank to require Regulator to refrain from specified action |
In force | 101. Power of FCA to require Regulator to refrain from specified action |
In force | 102. Power of PRA to require Regulator to refrain from specified action |
| | Consultation, accountability and oversight (ss. 103-107) |
In force | 103. Regulator's general duty to consult |
In force | 104. Consultation in relation to generally applicable requirements |
In force | 105. Independent inquiries |
In force | 106. Investigations into regulatory failure |
In force | 107. Competition scrutiny |
| | Miscellaneous and supplemental (ss. 108-110) |
In force | 108. Relationship with Part 8 of the Payment Services Regulations 2017 |
In force | 109. Exemption from liability in damages for FCA and PRA |
In force | 110. Interpretation of Part |
| | Part 6 Special administration for operators of certain infrastructure systems (ss. 111-128) |
| | Introductory (ss. 111-113) |
In force | 111. Financial market infrastructure administration |
In force | 112. Interpretation: infrastructure companies |
In force | 113. Interpretation: other expressions |
| | FMI administration orders (ss. 114-121) |
In force | 114. FMI administration orders |
In force | 115. Objective of FMI administration |
In force | 116. Application for FMI administration order |
In force | 117. Powers of court |
In force | 118. FMI administrators |
In force | 119. Continuity of supply |
In force | 120. Power to direct FMI administrator |
In force | 121. Conduct of administration, transfer schemes etc. |
| | Restrictions on other insolvency procedures (ss. 122-124) |
In force | 122. Restriction on winding-up orders and voluntary winding up |
In force | 123. Restriction on making of ordinary administration orders |
In force | 124. Restriction on enforcement of security |
In force | 124A. Powers of Bank to participate in Part 26A proceedings |
| | Financial support for companies in FMI administration (ss. 125-126) |
In force | 125. Loans |
In force | 126. Indemnities |
| | Interpretation (s. 127) |
In force | 127. Interpretation of Part |
| | Application of Part to Northern Ireland (s. 128) |
In force | 128. Northern Ireland |
| | Part 7 Miscellaneous (ss. 129-141) |
| | Competition (ss. 129-130) |
In force | 129. Functions of FCA under competition legislation |
In force | 130. Competition as a secondary objective of the PRA |
| | Consumers (ss. 131-132) |
In force | 131. Duty of FCA to make rules restricting charges for high-cost short-term credit |
In force | 132. Role of FCA Consumer Panel in relation to PRA |
| | Parent undertakings (s. 133) |
In force | 133. Power of FCA and PRA to make rules applying to parent undertakings |
| | Meetings with auditors (s. 134) |
In force | 134. Duty to meet auditors of certain institutions |
| | Fees to meet Treasury expenditure (s. 135) |
In force | 135. Fees to meet Treasury expenditure relating to international organisations |
| | Parliamentary control of statutory instruments under FSMA 2000 (s. 136) |
In force | 136. Amendments of section 429 of FSMA 2000 |
| | Bank of England (s. 137) |
In force | 137. Accounts of Bank of England and its wholly-owned subsidiaries |
| | Building societies (s. 138) |
In force | 138. Building societies |
| | Claims management services (ss. 139-140) |
Omitted | 139. Power to impose penalties on persons providing claims management services |
Omitted | 140. Recovery of expenditure incurred by Office for Legal Complaints |
| | Minor amendments (s. 141) |
In force | 141. Minor amendments |
| | Part 8 Final provisions (ss. 142-148) |
In force | 142. Orders and regulations: general |
In force | 143. Orders and regulations: Parliamentary control |
In force | 144. Interpretation |
In force | 145. Power to make further consequential amendments |
In force | 146. Transitional provisions and savings |
In force | 147. Extent |
In force | 148. Commencement and short title |
In force | Schedule 1 Ring-fencing transfer schemes |
| | Schedule 2 Bail-in stabilisation option |
In force | Schedule 2, Part 1 Amendments of Banking Act 2009 |
In force | Schedule 2, Part 2 Modification of Investment Bank Special Administration Regulations 2011 |
In force | Schedule 3 Consequential amendments relating to Part 4 |
In force | Schedule 4 The Payment Systems Regulator |
In force | Schedule 5 Procedure for appeals to the CMA |
Partly in force | Schedule 6 Conduct of FMI administration |
Not yet in force | Schedule 7 Financial market infrastructure transfer schemes |
| | Schedule 8 Functions of FCA under competition legislation |
In force | Schedule 8, Part 1 Amendments of Financial Services and Markets Act 2000 |
In force | Schedule 8, Part 2 Amendments of other legislation |
In force | Schedule 9 Building societies |
In force | Schedule 10 Minor amendments |
