# Financial Services and Markets Act 2023, Section 68: Power under FSMA 2000 to make transitional provisions

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

(1) FSMA 2000 is amended as follows.
(2) In section 427 (transitional provisions)—
(a) in subsection (2)(a) to (c), for “the Authority”, in each place, substitute “a regulator”;
(b) in subsection (2)(f), for “the Authority’s” substitute “the FCA’s”;
(c) in subsection (3)(a), for “the Authority” substitute “a regulator”.
(3) In Schedule 17A, after paragraph 31A (inserted by section 50), insert—
“Transitional provisions
31B Section 427 (transitional provisions), so far as it relates to an order under section 426 which makes provision in connection with this Part of this Act, applies in relation to the Bank.”

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Source: https://www.legislation.gov.uk/ukpga/2023/29/section/68 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/section-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.