5(1)Section 66 of FSMA 2000 (disciplinary powers) is amended as follows.U.K.
(2)In subsection (3), for paragraph (ab) (and the “or” following it) substitute—
“(ab)impose, for such period as it considers appropriate, any conditions in relation to any such approval which it considers appropriate;
(ac)limit the period for which any such approval is to have effect;”.
(3)In subsection (3A), for “restriction” substitute “ condition ”.
(4)In subsection (3B), for “or restriction” substitute “ , condition or limitation ”.
(5)In subsection (3C), for “restriction” substitute “ condition ”.
(6)In subsection (3D)—
(a)in paragraph (a), for “or restriction” substitute “ , condition or limitation ”,
(b)omit the “or” at the end of paragraph (a),
(c)in paragraph (b), for “restriction” substitute “ condition ”, and
(d)after that paragraph insert—
“(c)vary a limitation so as to increase the period for which the approval is to have effect.”
(7)In subsection (9), for “restriction” substitute “ condition ”.
Commencement Information
I1Sch. 3 para. 5 in force at 7.3.2016 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))