Financial Services Act 2012

This section has no associated Explanatory Notes

10(1)Section 63C (statement of policy) is amended as follows.

(2)In subsection (1), for “The Authority” substitute “Each regulator”.

(3)In subsections (2) and (3), for “The Authority's” substitute “Each regulator's”.

(4)In subsection (4), for “the Authority” substitute “the regulator that has issued the statement”.

(5)In subsection (5)—

(a)for “The Authority” substitute “A regulator”, and

(b)after “issued” insert “by it”.

(6)In subsection (6), for “replaced, the Authority” substitute “replaced by a regulator, the regulator”.

(7)In subsection (7), for “The Authority” substitute “A regulator”.

(8)In subsection (8)—

(a)after “section” insert “by a regulator”, and

(b)for “Authority”, in both places, substitute “regulator”.

(9)In subsection (9), for “Authority” substitute “regulator”.

(10)In subsection (10)—

(a)for “the Authority” substitute “a regulator”, and

(b)after “published” insert “by it”.