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Version status: Partly in force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 29 October 2024 - 30 March 2025
Version 2 of 3

Article 50D FCA rules

1. The provisions of Part 9A of FSMA (rules and guidance) listed in paragraph 2 apply in relation to rules made by the FCA under this Regulation as they apply in relation to rules made by the FCA under that Part of that Act, subject to the modifications in paragraphs 2A and 3.

2. The provisions are -

(a) section 137T (general supplementary powers);

(b) Chapter 2 (modification, waiver, contravention and procedural provisions), with the exception of section 138D (actions for damages) and section 138EA (matters to consider when making rules) ;

(c) section 141A (power to make consequential amendments of references to rules etc).

2A. In its application to rules made under Article 31, section 138I has effect as if the reference to the PRA in subsection (1)(a) were a reference to the Bank of England.