{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-143S",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-143S.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/143S",
  "kind": "section",
  "number": "143S",
  "heading": "Part 9C prohibition orders",
  "text": "(1) Subsection (2) applies where it appears to the FCA that an individual—\n(a) is not of sufficiently good repute, or\n(b) does not possess sufficient knowledge, skills and experience,\nto perform a function in relation to an activity carried on by a non-authorised parent undertaking of an FCA investment firm.\n(2) The FCA may make an order (“a Part 9C prohibition order”) prohibiting the individual from performing the function.\n(3) A Part 9C prohibition order may relate to—\n(a) all functions in relation to an activity carried on by a non-authorised parent undertaking of an FCA investment firm, or\n(b) a function specified in the order or of a description specified in the order.\n(4) A Part 9C prohibition order may relate to—\n(a) all activities of a non-authorised parent undertaking of an FCA investment firm, or\n(b) an activity specified in the order or of a description specified in the order.\n(5) A Part 9C prohibition order may relate to—\n(a) all non-authorised parent undertakings of FCA investment firms, or\n(b) an undertaking specified, or within a description specified, in the order.\n(6) A non-authorised parent undertaking of an FCA investment firm must take reasonable care to ensure that none of its functions is performed by a person who is prohibited from performing that function by a Part 9C prohibition order.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/143S",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}