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 ”.