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Bank of England and Financial Services Act 2016

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This is the original version (as it was originally enacted).

Consequential amendments of Financial Services (Banking Reform) Act 2013

This section has no associated Explanatory Notes

22(1)The Financial Services (Banking Reform) Act 2013 is amended as follows.

(2)Omit section 18(4) (which inserts the subsections substituted or omitted by paragraph 2).

(3)Omit section 20(3) (which inserts the subsection omitted by paragraph 4(4)).

(4)Omit section 23(6) (which inserts the subsections omitted by paragraph 6(4)).

(5)Omit section 33 (which inserts the section omitted by paragraph 18).

(6)For section 37(8) (interpretation) substitute—

(8)Senior management function” means—

(a)a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) of FSMA 2000 which is designated as a senior management function by the FCA under section 59(6A) of that Act;

(b)a function of a description specified in rules made by the PRA under section 59(3)(a) of that Act.

(7)Omit section 136(2)(a) (which inserts the words omitted by paragraph 21).

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