# Financial Services and Markets Act 2023, Paragraph 4: Amendments to FSMA 2000

Extent: E+W+S+N.I.

(1) Section 57 (prohibition orders: procedure and right to refer to Tribunal) is amended as follows.
(2) After subsection (8) insert—
“(9) If—
(a) the FCA proposes to make a prohibition order which makes provision in relation to a recognised body, and
(b) the FCA is not the appropriate regulator in relation to recognised bodies of that type,
the FCA must consult the appropriate regulator before giving a warning notice under this section.
(10) If the PRA proposes to make a prohibition order which makes provision in relation to a recognised body, the PRA must consult the appropriate regulator in relation to recognised bodies of that type before giving a warning notice under this section.
(11) In this section—
“the appropriate regulator”, in relation to a recognised body, has the meaning given by section 285A;
“recognised body” has the meaning given by section 313;”.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/10/paragraph/4 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-10/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.