Paragraph 54 The Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001I1

United Kingdom

In the Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001^f1—

(a)

in regulation 2(1) (overseas regulators), for “47(1)(b)” substitute “55Q(1)”;

(b)

in regulation 2(2)(a), for “Authority” substitute “FCA, the PRA or the Bank of England”;

(c)

in regulation 2(2)(b), for “competent authority” substitute “FCA”;

(d)

in regulation 3 (duty to consider EU obligation)—

(i)

in paragraph (1), for “47(3)(b)” substitute “55Q(4)(a)”;

(ii)

in paragraph (3), for “47(3)(c)” substitute “55Q(4)(b)”.

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