SCHEDULES
SCHEDULE 4Extension of relevant authorised persons regime to all authorised persons
3Amendments of Financial Services and Markets Act 2000
After section 59ZA insert—
59ZBDesignated senior management functions
For the purposes of this Part the following are “designated senior management functions”—
a
a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) which is designated as a senior management function by the FCA under section 59(6A);
b
a function of a description specified in rules made by the PRA under section 59(3)(a).