Bank of England and Financial Services Act 2016

This section has no associated Explanatory Notes

17(1)Section 66B (misconduct: action by PRA) is amended as follows.U.K.

(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).

Commencement Information

I1Sch. 4 para. 17 in force at 13.9.2018 for specified purposes by S.I. 2018/990, reg. 2(1)(2) (with regs. 3-6)

I2Sch. 4 para. 17 in force at 10.12.2018 for specified purposes by S.I. 2018/990, reg. 2(1)(3) (with regs. 3-6)

I3Sch. 4 para. 17 in force at 18.7.2019 for specified purposes by S.I. 2019/1136, reg. 2(2) (with reg. 7)

I4Sch. 4 para. 17 in force at 9.8.2019 for specified purposes by S.I. 2019/1136, reg. 2(3) (with reg. 7)

I5Sch. 4 para. 17 in force at 9.12.2019 for specified purposes by S.I. 2019/1136, reg. 2(4) (with regs. 3-5, 7)

I6Sch. 4 para. 17 in force at 7.12.2020 in so far as not already in force by S.I. 2019/1136, reg. 2(5) (with regs. 5, 7)