Paragraph 6 I1

(1)

Section 67 of FSMA 2000 (disciplinary measures: procedure and right to refer to Tribunal) is amended as follows.

(2)

In subsection (1), for “or (ab)” substitute “ , (ab) or (ac) ”.

(3)

In subsection (2A), for “restriction” (in both places) substitute “ condition ”.

(4)

After subsection (2A) insert—

“(2B)
A warning notice about a proposal to limit the period for which an approval is to have effect must state the length of that period.”

(5)

In subsection (4), for “or (ab)” substitute “ , (ab) or (ac) ”.

(6)

In subsection (5A), for “restriction” (in both places) substitute “ condition ”.

(7)

After subsection (5A) insert—

“(5B)
A decision notice about limiting the period for which an approval is to have effect must state the length of that period.”

(8)

In subsection (7), for “or (ab)” substitute “ , (ab) or (ac) ”.

Annotations

I1: Sch. 3 para. 6 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))