OpenLegislation

Paragraph 3 I1

(1)

Part 25 of FSMA 2000 (injunctions and restitution) is amended as follows.

(2)

In section 380 (injunctions), in subsection (6)(a), omit the “or” at the end of sub-paragraph (ii) and after sub-paragraph (iii) insert

“or

(iv)

which is imposed by Part 7 of the Financial Services Act 2012 (offences relating to financial services) and whose contravention constitutes an offence under that Part;”.

(3)

In section 382 (restitution orders), in subsection (9)(a), omit the “or” at the end of sub-paragraph (ii) and after sub-paragraph (iii) insert

“or

(iv)

which is imposed by Part 7 of the Financial Services Act 2012 (offences relating to financial services) and whose contravention constitutes an offence under that Part;”.

(4)

In section 384 (power of FCA or PRA to require restitution), in subsection (7), omit the “and” at the end of paragraph (b) and after paragraph (c) insert

“or

(d)

a requirement which is imposed by Part 7 of the Financial Services Act 2012 (offences relating to financial services) and whose contravention constitutes an offence under that Part.”

Annotations

Commencement

I1

Sch. 10 para. 3 in force at 1.4.2014 by S.I. 2014/377, art. 2(2)(c)