{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-17/paragraph-50",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-17/paragraph-50.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/17/paragraph/50",
  "kind": "paragraph",
  "number": "50",
  "heading": null,
  "text": "After section 157 insert—\n“Banks not regulated by PRA\n157A (1) In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply.\n(2) In this section “FCA-regulated bank” means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000.\nTABLE OF MODIFICATIONS\nProvision\nModification\nSection 147\nThe bank administrator must send the statement to the FCA (and need not send a copy of it to the PRA).\nSection 153\nIgnore the reference to the PRA in subsection (3).\nSection 157\nIgnore the reference to the PRA in subsection (1).\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 17 para. 50 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/17/paragraph/50",
    "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."
}