# Financial Services Act 2012, Paragraph 8


In section 63A (performance of controlled functions without approval: power to impose penalties)—
(a) for “Authority”, in each place, substitute “ appropriate regulator ”,
(b) after subsection (5) insert—
“(5A) The appropriate regulator”—
(a) in relation to a controlled function which is of a description specified in rules made by the FCA, means the FCA, and
(b) in relation to a controlled function which is of a description specified in rules made by the PRA, means the PRA.”, and
(c) in subsection (6), after “Any” insert “ other ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/5/paragraph/8 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-5/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.