Article 16 Modification to Authority’s duty to consult on rule changesI1

United Kingdom

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

art. 16(2) words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 136(e)(ii)(aa)
art. 16(2) words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 136(e)(ii)(bb)
art. 16 heading word substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 136(e)(iii)
art. 16(1) words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 136(e)(i)(aa)
art. 16(1) word substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 136(e)(i)(bb)

(1)

Section 155(7) of FSMA 2000 (consultation) has effect as if modified by adding at the end—

“or if it is making rules for the purposes of, or to facilitate or in consequence of, a transfer under section 3 of the Banking (Special Provisions) Act 2008.”

(2)

Section 157 of FSMA 2000 (guidance) has effect as if modified by adding after subsection (3)—

“(3A)

Section 155(7) applies to proposed guidance with the modification made by article 16(1) of the Northern Rock Plc Transfer Order 2008.”.

Annotations

Commencement

I1: Art. 16 in force at 22.2.2008, see art. 1(2)