Bank of England and Financial Services Act 2016 (c. 14)

SCHEDULES

SCHEDULE 4 Extension of relevant authorised persons regime to all authorised persons

Amendments of Financial Services and Markets Act 2000

3 After section 59ZA insert—

“59ZB Designated senior management functions

For the purposes of this Part the following are “designated senior management functions”—

(a) a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) which is designated as a senior management function by the FCA under section 59(6A);

(b) a function of a description specified in rules made by the PRA under section 59(3)(a).”