{
  "url": "https://openlegislation.uk/financial-services-banking-reform-act-2013/section-31",
  "json_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013/section-31.json",
  "legislation": "ukpga/2013/33",
  "legislation_title": "Financial Services (Banking Reform) Act 2013",
  "legislation_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013",
  "path": "section/31",
  "kind": "section",
  "number": "31",
  "heading": "Requirement to notify regulator of disciplinary action",
  "text": "After section 64B of FSMA 2000 (inserted by section 30 above) insert—\n“Requirement for relevant authorised persons to notify regulator of disciplinary action\n64C (1) If—\n(a) a relevant authorised person takes disciplinary action in relation to a relevant person, and\n(b) the reason, or one of the reasons, for taking that action is a reason specified in rules made by the appropriate regulator for the purposes of this section,\nthe relevant authorised person must notify that regulator of that fact.\n(2) “Disciplinary action”, in relation to a person, means any of the following—\n(a) the issuing of a formal written warning;\n(b) the suspension or dismissal of the person;\n(c) the reduction or recovery of any of the person's remuneration.\n(3) “The appropriate regulator” means—\n(a) in relation to relevant authorised persons that are PRA-authorised persons, the FCA or the PRA;\n(b) in relation to any other relevant authorised persons, the FCA.\n(4) “Relevant person” has the same meaning as in section 64B.\n(5) For the meaning of “relevant authorised person”, see section 71A.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 31 in force at 25.7.2014 for specified purposes by S.I. 2014/1819, art. 2(2)(d)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 31 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))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/33/section/31",
    "retrieved_at": "2026-10-29T09:07:58.389751+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}