(1) Chapter 3B of Part 18 of FSMA 2000 [Chapter 3B of Part 18 was inserted by section 33 of the Financial Services Act 2012 and amended by section 11(5) of the Financial Services and Markets Act 2023 and S.I. 2017/1064 and 2019/622 (as amended by 2020/646).] (disciplinary measures in respect of recognised bodies) -

(a) applies with respect to the discharge by the FCA of its functions under these Regulations, as it applies with respect to the discharge by the FCA of its functions under FSMA 2000, with the modifications specified in paragraphs (2) to (9);

(b) in its application to the discharge by the FCA of its functions under section 312E to 312H of FSMA 2000, as those functions apply in relation to data reporting service rules, has effect with the modifications specified in paragraphs (3) to (9).

(2) Chapter 3B of Part 18 of FSMA 2000 applies as if -

(a) each reference to a section or Part of FSMA 2000 were a reference to that section or Part as applied by these Regulations;

(b) each reference to an appropriate regulator or each appropriate regulator were a reference to the FCA;

(c) references to a recognised investment exchange were omitted;