- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)The Financial Services and Markets Act 2000 is amended as follows.
(2)In section 64A (power of FCA and PRA to make rules of conduct)—
(a)in subsection (1) after paragraph (b) insert—
“(c)persons who are directors of authorised persons.”;
(b)in subsection (2) after paragraph (c) insert—
“(d)persons who are directors of PRA-authorised persons.”;
(c)omit the “and” at the end of subsection (5)(a);
(d)after subsection (5)(a) insert—
“(ab)in the case of a person who is a director of an authorised person but is not an approved person, that authorised person, and”;
(e)after subsection (6) insert—
“(7)In this section “director”, in relation to an authorised person, means a member of the board of directors, or if there is no such board, the equivalent body responsible for the management of the authorised person concerned.”
(3)In section 64B (responsibilities of authorised persons in relation to rules of conduct)—
(a)omit the “and” at the end of subsection (4)(a);
(b)at the end of subsection (4)(b) insert “, and
(c)any person who is a director of the authorised person.”;
(c)omit subsection (5);
(d)after subsection (6) insert—
“(6A)In this section “director”, in relation to an authorised person, has the same meaning as in section 64A.”
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: