Section 415AA Application of powers to formerly authorised personsF1C1C2
A power in the following provisions may be exercised in relation to persons who were at any time authorised persons (in addition to persons who are authorised persons at the time when the power is exercised)—
section 168 (appointment of investigators in certain cases);
section 205 (public censure);
section 206 (financial penalties);
section 384 (power to require restitution).
Accordingly, references in the provisions listed in subsection (1), and in sections 207 to 209, to an authorised person are (so far as appropriate) to be read as including a person who was at any time an authorised person but who has ceased to be an authorised person.
Annotations
Textual amendments
- F1
S. 415AA inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 60(3), 86(2)(f) (with s. 60(4))
Modifications
- C1
S. 415AA applied (with modifications) (5.4.2024) by The Data Reporting Services Regulations 2024 (S.I. 2024/107), regs. 1(2), 26; S.I. 2023/1382, reg. 4(c)
- C2
S. 415AA applied (with modifications) (14.1.2025 for specified purposes, 13.7.2026 in so far as not already in force) by The Short Selling Regulations 2025 (S.I. 2025/29), regs. 2(2)(3), 24, 25, Sch. 1 Pts. 1, 2; S.I. 2026/587, reg. 2(b)
Notes on Powers under the Act
Textual amendments
- F1
S. 415A and preceding cross-heading inserted (8.4.2010) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(1)(l), Sch. 2 para. 30
- F2
Words in s. 415A cross-heading substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 25(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.