Powers exercised
A. The Financial Conduct Authority (“the FCA”) makes this instrument in the exercise of the following powers and related provisions in the Financial Services and Markets Act 2000 (“the Act”):
(1) section 137A (The FCA’s general rules);
(2) section 137T (General supplementary powers);
(3) section 138D (Actions for damages);
(4) section 139A (Power of the FCA to give guidance);
(5) section 143D (Duty to make rules applying to parent undertakings);
(6) section 143E (Powers to make rules applying to parent undertakings);
(7) section 143Y (Statement of policy for penalties under section 143W); and
(8) section 395 (The FCA’s and PRA’s procedures).
B. The rule-making provisions listed above are specified for the purposes of section 138G(2) (Rule-making instruments) of the Act.
Commencement
C. This instrument comes into force on 1 January 2022.
Amendments to the Handbook
D. The modules of the FCA Handbook listed in column (1) below are amended in accordance with
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