- Deddfwriaeth Ddrafft
This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. This draft has been replaced by a new draft, The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 ISBN 978-0-11-110837-6
3.—(1) The Act is amended as follows.
(2) In section 1G (meaning of “consumer”), in subsection (1)—
(a)at the end of paragraph (c) omit “or”; and
(b)at the end of paragraph (d) insert—
“, or
(e)have rights, interests or obligations that are affected by the level of a regulated benchmark”.
(3) In section 1H (further interpretative provisions for sections 1B to 1G), after subsection (7) insert—
“(7A) “Regulated benchmark” means a benchmark, as defined in section 22(6), in relation to which any provision made under section 22(1A)(b) has effect”.
(4) In section 425A(1) (consumers: regulated activities etc carried on by authorised persons)—
(a)at the end of subsection (2)(a), omit “or”;
(b)at the end of subsection (2)(b), after “services” insert—
“; or
(c)whose rights, interests or obligations are affected by the level of a regulated benchmark”; and
(c)in subsection (7), after the definition of “credit institution”, insert—
““regulated benchmark” means a benchmark, as defined in section 22(6), in relation to which any provision made under section 22(1A)(b) has effect.”.
Inserted by sections 24(1) and (2) of and Schedule 2, Part 1, paragraphs 1 and 32 to the Financial Services Act 2010 (c. 28).
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