Amendments of Financial Services and Markets Act 2000
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3After section 59ZA insert—
“59ZBDesignated 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).”