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UK Financial Services Law
Legislation (UK)
Acts
2016
Information
Table of Contents
Table of Contents
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Bank of England and Financial Services Act 2016 (c. 14)
Introductory Text
Part 1 The Bank of England (ss. 1-17)
Governance (ss. 1-8)
1. Membership of court of directors
2. Term of office of non-executive directors
3. Abolition of Oversight Committee
4. Functions of non-executive directors
5. Financial stability strategy
6. Financial Policy Committee: status and membership
7. Monetary Policy Committee: membership
8. Monetary Policy Committee: procedure
Financial arrangements (ss. 9-11)
9. Audit
10. Activities indemnified by Treasury
11. Examinations and reviews
Prudential Regulation (ss. 12-15)
12. Bank to act as Prudential Regulation Authority
13. Prudential Regulation Committee
14. Accounts relating to Bank's functions as Prudential Regulation Authority
15. Transfer of property etc to Bank
Consequential and transitional provision (ss. 16-17)
16. Amendments relating to Part 1
17. Saving and transitional provision relating to Part 1
Part 2 Financial Services (ss. 18-37)
The Regulators (ss. 18-20)
18. Appointment of Financial Conduct Authority chief executive
19. Treasury recommendations to Financial Conduct Authority
20. Regulatory principles: diversity
Conduct of persons working in financial services sector (ss. 21-26)
21. Extension of relevant authorised persons regime to all authorised persons
22. Rules about controlled functions: power to make transitional provision
23. Administration of senior managers regime
24. Rules of conduct
25. Misconduct
26. Decisions causing a financial institution to fail: meaning of insolvency
Enforceability of agreements (ss. 27-28)
27. Enforceability of agreements relating to credit
28. Enforceability of agreements made through unauthorised persons
Illegal money lending (s. 29)
29. Illegal money lending
Money laundering and terrorist financing (s. 30)
30. Money laundering and terrorist financing
Transformer vehicles (s. 31)
31. Transformer vehicles
Pensions (ss. 32-35)
32. Pensions guidance
33. Advice about transferring or otherwise dealing with annuity payments
34. Independent advice on conversions and transfers of pension benefits: appointed representatives
35. Early exit pension charges
Information about resolution planning (s. 36)
36. Duty of Bank to provide information to Treasury
Financial Services and Markets Act 2000 consequential amendments (s. 37)
37. Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001
Part 3 Miscellaneous and General (ss. 38-42)
Banknotes in Scotland and Northern Ireland (s. 38)
38. Banks authorised to issue banknotes in Scotland and Northern Ireland
General (ss. 39-42)
39. Consequential provision
40. Extent
41. Commencement
42. Short title
Schedule 1 Prudential Regulation Committee
Schedule 2 Amendments relating to Part 1
Schedule 2, Part 1 Bank of England Act 1998 (paras. 1-22)
Schedule 2, Part 2 Other Acts (paras. 23-68)
Schedule 3 Saving and transitional provision relating to Part 1
Schedule 4 Extension of relevant authorised persons regime to all authorised persons
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https://service.betterregulation.com/document/233204
Bank of England and Financial Services Act 2016 (c. 14)
Part 2 Financial Services (ss. 18-37)
The Regulators (ss. 18-20)
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The Regulators (ss. 18-20)
18. Appointment of Financial Conduct Authority chief executive
19. Treasury recommendations to Financial Conduct Authority
20. Regulatory principles: diversity
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