# Financial Services Act 2012, Paragraph 1


(1) Section 165 (power to require information) is amended as follows.
(2) In subsection (1), for “The Authority” substitute “ Either regulator ”.
(3) In subsection (3), for “Authority” substitute “ regulator ”.
(4) In subsection (4), for “the Authority” substitute “ either regulator ”.
(5) In subsections (5) and (6) for “The Authority”, in each place, substitute “ The regulator in question ”.
(6) In subsection (7), for the words from “exercised” to the end substitute
“exercised—
(a) by either regulator, to impose requirements on a person who is connected with an authorised person;
(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;
(c) by the FCA, to impose requirements on a recognised investment exchange;
(d) by the FCA, to impose requirements on a person who is connected with a recognised investment exchange.”.
(7) In subsection (9)—
(a) for “the Authority”, in the first place, substitute “ the regulator exercising the power ”,
(b) for “the Authority's” substitute “that regulator's”, and
(c) for “the Authority”, in the second place, substitute “ that regulator ”.
(8) In subsection (11)—
(a) in the opening words, for “an authorised person” substitute “ another person ”, and
(b) in paragraph (d), at the end insert “ (reading references in that Part to the authorised person as references to A) ”.
(9) In the heading, for “Authority's” substitute “Regulators'”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/12/paragraph/1 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-12/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.