Paragraph 2 RestitutionI1I2
United Kingdom
Section 384 of FSMA 2000 (power of FCA or PRA to require restitution)f1 applies in respect of contraventions of a requirement imposed by virtue of regulation 6 of these Regulations and persons knowingly concerned in the contravention of such a requirement as if, in subsection (1), reference to an authorised person or recognised investment exchange included persons subject to designated activity rules made by virtue of regulation 6 of these Regulations.
Annotations
Commencement
- I1
Sch. 1 para. 2 in force at 22.11.2024 for specified purposes, see reg. 2(1)(c)
- I2
Sch. 1 para. 2 in force at 6.4.2026 in so far as not already in force, see reg. 2(2)
Footnotes
- f1
-
Relevant amendments were made by paragraphs 23(2)(a), (b), 23(4)(a), (b) and 23(5) of Schedule 9 to the Financial Services Act 2012 and S.I. 2016/680. There are other amendments which are not relevant.