Paragraph 3 Amendment of the Financial Services Act 2012

(1)

The Financial Services Act 2012^f1 is amended as follows.

(2)

Omit section 25 (functions related to short selling).

(3)

In section 85(4)(c)(i) (relevant functions in relation to complaints scheme)^f2, omit “131J,”.

(4)

In section 109(5) (payments to Treasury of penalties received by Financial Services Authority), omit paragraph (i).

Annotations

f1: 2012 c. 21.
f2: Section 85(4)(c)(i) was amended by section 35 of and Schedule 3 to the Financial Services (Banking Reform) Act 2013 (c. 33) and by section 25 of and Schedule 3 to the Financial Guidance and Claims Act 2018 (c. 10).