Paragraph 2 I1I2
(1)
Section 59A of FSMA 2000 (specifying functions as controlled functions: supplementary) is amended as follows.
(2)
In subsection (1)(a) and (b), for “significant-influence” substitute “ senior management ”.
(3)
After subsection (3) insert—
“(3A)Senior management function” has the meaning given by section 59ZA.”
Annotations
Commencement
- I1
Sch. 3 para. 2 in force at 25.7.2014 for specified purposes by S.I. 2014/1819, art. 2(4)(a)
- I2
Sch. 3 para. 2 in force at 7.3.2016 in so far as not already in force by S.I. 2015/490, art. 2(1)(b) (with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))