Regulation 16 Hearings and appeals before the Upper TribunalI1

United Kingdom

(1)

The following provisions of the Act apply in respect of a reference to the Upper Tribunal under—

(a)

regulation 15, or

(b)

the CRA Regulation M1,

as they apply in respect of such a reference under that Act.

(2)

The provisions are—

(a)

section 133 (proceedings before Tribunal: general provision) M2 as if, in subsection (7A), after paragraph (o), there were inserted—

“(p)
a decision to impose a penalty under regulation 7 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019 (financial penalties);
(q)
a decision to publish a statement under regulation 10 of those Regulations (public censure).”;

(b)

section 133A (proceedings before Tribunal: decision and supervisory notices, etc) M3;

(c)

section 133B (offences) M4.

Annotations

Marginal citations

M1: See Article 18A of the CRA Regulation (inserted by regulation 75).
M2: Substituted by S.I. 2010/22 and amended by section 23(2) of the Financial Services Act 2012 (c. 21), paragraph 83 of Schedule 9 to the Crime and Courts Act 2013 (c. 22), section 4(2) of the Financial Services (Banking Reform) Act 2013 (c. 33), S.I. 2013/1388, S.I. 2014/3329, S.I. 2016/680 and S.I. 2017/1064.
M3: Inserted by S.I. 2010/22 and amended by section 23(3) of the Financial Services Act 2012 (c. 21).
M4: Inserted by S.I. 2010/22 and amended by section 23(4) of the Financial Services Act 2012 (c. 21).

Commencement

I1: Reg. 16 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Notes on the whole SI

Textual amendments

F1: Regulations revoked (1.1.2024 for the revocation of reg. 3(3)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 5(c)(iii)