{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-12/paragraph-1",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-12/paragraph-1.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/12/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) Section 165 (power to require information) is amended as follows.\n(2) In subsection (1), for “The Authority” substitute “ Either regulator ”.\n(3) In subsection (3), for “Authority” substitute “ regulator ”.\n(4) In subsection (4), for “the Authority” substitute “ either regulator ”.\n(5) In subsections (5) and (6) for “The Authority”, in each place, substitute “ The regulator in question ”.\n(6) In subsection (7), for the words from “exercised” to the end substitute\n“exercised—\n(a) by either regulator, to impose requirements on a person who is connected with an authorised person;\n(b) by the FCA, to impose requirements on an operator, trustee or depositary of a scheme recognised under section 270 or 272 who is not an authorised person;\n(c) by the FCA, to impose requirements on a recognised investment exchange;\n(d) by the FCA, to impose requirements on a person who is connected with a recognised investment exchange.”.\n(7) In subsection (9)—\n(a) for “the Authority”, in the first place, substitute “ the regulator exercising the power ”,\n(b) for “the Authority's” substitute “that regulator's”, and\n(c) for “the Authority”, in the second place, substitute “ that regulator ”.\n(8) In subsection (11)—\n(a) in the opening words, for “an authorised person” substitute “ another person ”, and\n(b) in paragraph (d), at the end insert “ (reading references in that Part to the authorised person as references to A) ”.\n(9) In the heading, for “Authority's” substitute “Regulators'”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 12 para. 1 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/21/schedule/12/paragraph/1",
    "retrieved_at": "2026-10-29T09:08:36.918830+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}