PART 2AMENDMENTS OF PRIMARY LEGISLATION
Amendments of the Financial Services and Markets Act 20003
1
The Act is amended as follows.
2
In section 1G (meaning of “consumer”), in subsection (1)—
a
at the end of paragraph (c) omit “or”; and
b
at the end of paragraph (d) insert—
, or
e
have rights, interests or obligations that are affected by the level of a regulated benchmark
3
In section 1H (further interpretative provisions for sections 1B to 1G), after subsection (7) insert—
7A
“Regulated benchmark” means a benchmark, as defined in section 22(6), in relation to which any provision made under section 22(1A)(b) has effect
4
In section 425A4 (consumers: regulated activities etc carried on by authorised persons)—
a
at the end of subsection (2)(a), omit “or”;
b
at the end of subsection (2)(b), after “services” insert—
; or
c
whose rights, interests or obligations are affected by the level of a regulated benchmark
c
in subsection (7), after the definition of “credit institution”, insert—
“regulated benchmark” means a benchmark, as defined in section 22(6), in relation to which any provision made under section 22(1A)(b) has effect.