Regulation 38 Application of Part 27 of the FSMA (offences)C1 I1

United Kingdom

(1)

Part 27 of the FSMA applies with respect to the discharge by the FCA of its functions under—

(a)

that Act as applied by this Part;

(b)

this Part; and

(c)

the SFT regulation,

as it applies with respect to the discharge by it of its functions under the FSMA but with the following modifications.

(2)

In section 398, in subsection (1A), after paragraph (i) insert—

“(j)
the Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019;
(k)
the SFT regulation.”.

Annotations

C1: Reg. 38 applied (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 28(c)

I1: Reg. 38 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1