{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-8/paragraph-14",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-8/paragraph-14.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/8/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "(1) Section 296 (power to give directions) is amended as follows.\n(2) In subsection (1), for “the Authority” substitute “ the appropriate regulator ”.\n(3) In subsection (1A)—\n(a) for the words from “in the case of a recognised body which is a recognised investment” to “the body” substitute “ if it appears to the appropriate regulator that a recognised body ”, and\n(b) for the words from “directly applicable” to the end substitute “ directly applicable EU regulation specified (or of a description specified) in an order made by the Treasury ”.\n(4) In subsection (2), for “The Authority” substitute “ The regulator concerned ”.\n(5) In subsection (2A)—\n(a) in the opening words, for “a recognised investment exchange other than an overseas investment exchange” substitute “ a recognised body other than an overseas investment exchange or overseas clearing house ”,\n(b) in paragraph (a)—\n(i) for “the Authority”, in both places, substitute “ the regulator concerned ”, and\n(ii) for “the exchange” substitute “ the body ”, and\n(c) in paragraph (b), for “the exchange” substitute “ the body ”.\n(6) In subsection (3), for “the Authority” substitute “ the regulator concerned ”.\n(7) In subsection (4), for “the Authority” substitute “ an appropriate regulator ”.\n(8) In the heading, for “Authority's” substitute “Appropriate regulator's”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 8 para. 14 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 8 para. 14 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(b), Sch. Pt. 2"
    },
    {
      "type": "I",
      "label": "I3",
      "text": "Sch. 8 para. 14 in force at 1.4.2013 in so far as not already in force 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/8/paragraph/14",
    "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."
}