1. Financial Crime & AML/CFT
  2. Legislation (UK)
  3. Bills
  4. 2022
Date-stamp loading
  1. Financial Services and Markets Bill (Royal Assent 29 June 2023)
  2. Schedules
  3. Schedule 12 Write-down orders
  4. Schedule 12, Part 5 Consequential amendments (paras. 8-12)
Previous Next
Version status: Amended
Version date: 8 December 2022 - onwards
  Version 3 of 3    

Schedule 12, Part 5 Consequential amendments (paras. 8-12)

This format of the bill is taken from the text of stage Committee stage published on 23 March 2023 by House of Lords

Section 55

FSMA 2000

8 FSMA 2000 is amended as follows.

9

(1) Section 348 (restrictions on disclosure of confidential information by FCA, PRA etc) is amended as follows.

(2) After subsection (2) insert -

"(2A) Where the primary recipient is a person appointed under section 377G to act as the manager of a write-down order, subsection (2)(b) has effect as if the reference to the discharge of functions of the FCA, PRA or Secretary of State were to the functions of that person."

(3) In subsection (5), after paragraph (d) insert -

"(da) a person appointed under section 377G to act as the manager of a write-down order;".

10 In section 429 (Parliamentary control of statutory instruments), in subsection (2B), after paragraph (c) insert -

"(d) provision made under paragraph 3(4) or 9(3) of Schedule 19B;".

11 In Schedule 1ZB (the PRA), in paragraph 33(2) (exemption from liability in damages), for "and 284" insert ", 284 and 377G".

Financial Services and Markets Act 2000 (Disclosure of Confident

…
Comparing proposed amendment...
Previous Next