# Financial Services and Markets Act 2000, Section 137O: Threshold condition code


(1) Either regulator may make rules supplementing any of the conditions for the time being set out in or specified under Schedule 6 that is expressed to be relevant to the discharge of that regulator's functions.
(2) Rules made under this section by a regulator are referred to as that regulator's “threshold condition code”.
(3) A threshold condition code may in particular—
(a) specify requirements which a person must satisfy in order to be regarded as satisfying a particular condition in relation to any regulated activities;
(b) specify matters which are, or may be, or are not, relevant in determining whether a person satisfies a particular condition in relation to any regulated activities.
(4) Except where a regulator's threshold condition code so provides, it is not to be regarded as limiting the matters that are, or may be, relevant in determining whether a person satisfies a particular condition in relation to any regulated activities.
(5) A threshold condition code cannot impose obligations that are enforceable against authorised persons otherwise than through the threshold conditions.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/137O (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-137O
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.