Article 17 Modification of the Financial Services and Markets Act 2000

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

art. 17(iii) words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 175
art. 17(i) omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 198(a)
art. 17(ii) word substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 198(a)
art. 17(iii) substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 198(a)

In section 133—

(i)

in subsection (1)(a) for “the decision notice or supervisory notice in question”, substitute “the revised assessment notice issued by the independent valuer under article 12(2) of the Dunfermline Building Society Independent Valuer Order 2009”;

(ii)

for subsection (4) substitute—

“(4)
Where the Tribunal is satisfied that the decision as to the amount of compensation shown in the revised assessment notice was not a reasonable decision the Tribunal must remit the matter to the independent valuer for reconsideration in accordance with such directions (if any) as it considers appropriate.”;

(iii)

ignore subsections (5) to (9) and (12).