Paragraph 18 Modification of FSMA 2000

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para. 18 words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 139
Sch. para. 2 words omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(a)
Sch. para. 13 words substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(b)
Sch. para. 14(2)(b) words substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(c)
Sch. Pt. 5 words substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(d)
Sch. para. 15 substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(e)
Sch. para. 16 substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(f)
Sch. para. 17 omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(g)
Sch. para. 18(i) omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(h)(i)
Sch. para. 18(ii) word substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(h)(ii)
Sch. para. 18(iii) substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(h)(iii)
Sch. para. 19 words inserted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(i)
Sch. para. 20-28 omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 158(j)

In section 133—

(i)

in subsection (1)(a) for “the decision notice or supervisory notice in question”, substitute “ the revised assessment notice issued by the valuer under paragraph 12(2) of the Schedule to the Northern Rock plc Compensation Scheme Order 2008”;

(ii)

for subsection (4) substitute—

“(4)
Where the Tribunal is satisfied that the decision as to the amount of compensation shown in the revised assessment notice was not a reasonable decision the Tribunal must remit the matter to the valuer for reconsideration in accordance with such directions (if any) as they consider appropriate.”;

(iii)

omit subsections (5) to (9) and (12).