# Financial Services and Markets Act 2000, Section 142J: Review of ring-fencing rules etc


(1) The PRA must carry out reviews of its ring-fencing rules and of any rules made by it under section 192JA (rules applying to parent undertakings of ring-fenced bodies).
(2) The first review must be completed before the end of the period of 5 years beginning with the day on which the first ring-fencing rules come into force.
(3) Subsequent reviews must be completed before the end of the period of 5 years beginning with the day on which the previous review was completed.
(4) The PRA must give the Treasury a report of each review.
(5) The Treasury must lay a copy of the report before Parliament.
(6) The PRA must publish the report in such manner as it thinks fit.
(7) If (because any ring-fenced body is not a PRA-authorised person) section 142H has the effect of requiring the FCA to make ring-fencing rules, subsections (1) to (6) apply to the FCA as they apply to the PRA.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/142J (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-142J
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.