SCHEDULES

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

Amendments of Financial Services and Markets Act 2000

17

1

Section 66B (misconduct: action by PRA) is amended as follows.

2

In subsection (2)(b)(ii) omit “relevant”.

3

In subsection (3)(b), for sub-paragraph (ii) substitute—

ii

an employee of the PRA-authorised person

4

In subsection (5)(a) omit “relevant”.

5

In subsection (7)—

a

in the definition of “senior manager”, omit “relevant”;

b

omit the definition of “designated senior management function”.

6

In subsection (8) omit the definition of “relevant PRA-authorised person”.

7

Omit subsection (9).