Financial Services (Banking Reform) Act 2013 (c. 33)

PART 1 U.K. Ring-fencing

Ring-fencing U.K.

3 Amendment of PRA power of direction U.K.

In section 3I of FSMA 2000 (power of PRA to require FCA to refrain from specified action), in subsection (4)—

(a) at the end of paragraph (a), omit “or”, and

(b) at the end of paragraph (b), insert “, or

(c) threaten the continuity of core services provided in the United Kingdom.”

Commencement Information

I1 S. 3 in force at 1.1.2019 by S.I. 2018/1306, art. 2(c)