Paragraph 3 I1

(1)

Section 63 of FSMA 2000 (withdrawal of approval) is amended as follows.

(2)

In subsection (1A)(a), for “significant-influence function” substitute “ relevant senior management function ”.

(3)

For subsection (1B) substitute—

“(1B)
In subsection (1A) “relevant senior management function” means a function which the PRA is satisfied is a senior management function as defined in section 59ZA (whether or not the function has been designated as such by the FCA).”

Annotations

Commencement

I1: Sch. 3 para. 3 in force at 7.3.2016 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))