{
  "url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-4/paragraph-2",
  "json_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-4/paragraph-2.json",
  "legislation": "ukpga/2016/14",
  "legislation_title": "Bank of England and Financial Services Act 2016",
  "legislation_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016",
  "path": "schedule/4/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) Section 59 (approval for particular arrangements) is amended as follows.\n(2) For subsection (6A) substitute—\n“(6A) If the FCA is satisfied that a function of a description specified in rules made by the FCA under subsection (3)(a) or (b) is a senior management function as defined in section 59ZA, the FCA must designate the function in the rules as a senior management function.”\n(3) Omit subsections (6B) and (6C).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 4 para. 2 in force at 13.9.2018 for specified purposes by S.I. 2018/990, reg. 2(1)(2) (with regs. 3-6)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 4 para. 2 in force at 10.12.2018 for specified purposes by S.I. 2018/990, reg. 2(1)(3) (with regs. 3-6)"
    },
    {
      "type": "I",
      "label": "I3",
      "text": "Sch. 4 para. 2 in force at 18.7.2019 for specified purposes by S.I. 2019/1136, reg. 2(2) (with reg. 7)"
    },
    {
      "type": "I",
      "label": "I4",
      "text": "Sch. 4 para. 2 in force at 9.8.2019 for specified purposes by S.I. 2019/1136, reg. 2(3) (with reg. 7)"
    },
    {
      "type": "I",
      "label": "I5",
      "text": "Sch. 4 para. 2 in force at 9.12.2019 for specified purposes by S.I. 2019/1136, reg. 2(4) (with regs. 3-5, 7)"
    },
    {
      "type": "I",
      "label": "I6",
      "text": "Sch. 4 para. 2 in force at 7.12.2020 in so far as not already in force by S.I. 2019/1136, reg. 2(5) (with regs. 4, 5, 7)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/14/schedule/4/paragraph/2",
    "retrieved_at": "2026-10-29T09:06:19.191572+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}