SCHEDULES
SCHEDULE 3MINOR AND CONSEQUENTIAL AMENDMENTS RELATING TO PART 1
Financial Services and Markets Act 2000 (c. 8)
I121
1
Schedule 1ZA (the Financial Conduct Authority) is amended as follows.
2
In paragraph 8 (arrangements for discharging functions)—
I3a
in sub-paragraph (3)—
i
in paragraph (c)(i), for “, 312J or 333K” substitute “
or 312J
”
;
ii
omit paragraph (e);
I2b
after sub-paragraph (3), insert—
3A
In exercising its functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body), the FCA must act through its governing body.
I3c
in sub-paragraph (4), omit “or 333P(9)”.
3
In paragraph 11 (annual report), in sub-paragraph (1)—
I3a
omit paragraph (hb);
I2b
omit the “and” at the end of paragraph (i), and after that paragraph insert—
ia
how, in its opinion, it has complied with its duties under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018, and
I34
In paragraph 21 (financial penalty scheme), in sub-paragraph (2)—
a
at the end of paragraph (c) insert “
and
”
;
b
omit paragraph (e) (and the word “and” immediately preceding it).
5
In paragraph 23 (fees)—
a
in sub-paragraph (1)—
i
after “sections” insert “
137SA,
”
;
I2ii
after “137SA” insert “
, 137SB
”
;
I4iii
omit “, 333Q, 333R”;
b
in sub-paragraph (2ZA)—
I4i
omit paragraph (a) (and the word “and” immediately following it);
I4ii
in paragraph (b), for “sections 333R and 333T” substitute “
section 333T
”
;
iii
after paragraph (b), insert
, and
c
its functions under section 137SA.
I2iv
in paragraph (c)
(inserted by sub-paragraph (iii)), for “section 137SA” substitute “
sections 137SA and 137SB
”
.