SCHEDULES

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

Amendments of Financial Services and Markets Act 2000

I1I2I3I4I5I619

1

Section 347 (record of authorised persons etc) is amended as follows.

2

In subsection (2)—

a

in paragraph (g)(iv), omit “in a case where the authorised person concerned is a relevant authorised person,”;

b

in paragraph (h) for “a relevant” substitute “ an ”.

3

In subsection (8A)—

a

omit the definition of “relevant authorised person”;

b

in the definition of “senior manager”, for “a relevant” substitute “ an ”;

c

in the definition of “designated senior management function”, for the words from “means” to the end substitute “ has the meaning given by section 59ZB. ”