The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023

Modification to section 165 (regulators’ power to require information: authorised persons etc.)

14.  Section 165(1) applies as if—

(a) in the heading, for “authorised persons” there was substituted “registered persons”;

(b) references to “an authorised person” were read as references to “a registered person”;

(c) in subsection (4), paragraph (b) was omitted;

(d) in subsection (7), paragraphs (b) to (e) were omitted;

(e) in subsection (8), for “Authorised person” there was substituted “Registered person”;

(f) subsection (8A) was omitted;

(g) in subsection (11)—

(i) “or” was inserted after paragraph (c);

(ii) after paragraph (d), the “or” was omitted;

(iii) paragraph (e) was omitted;

(h) subsections (12) and (13) were omitted.

(1)

Section 165 was amended by paragraph 15 of Schedule 2 to the Financial Services Act 2010 (c. 28), paragraph 1 of Schedule 12 to the Financial Services Act 2012 (c. 21), paragraph 36 of Schedule 2 to the Bank of England and Financial Services Act 2016, paragraph 5 of Schedule 2 and paragraph 4 of Schedule 9 to the Financial Services Act 2021 and S.I. 2015/575, 2022/466.