The Financial Services Act 2012 (Consequential Amendments) Order 2014

Statutory Instruments

2014 No. 2371

Financial Services And Markets

The Financial Services Act 2012 (Consequential Amendments) Order 2014

Made

4th September 2014

Laid before Parliament

8th September 2014

Coming into force

30th September 2014

The Treasury, in exercise of the powers conferred by sections 115(2) and 118 of the Financial Services Act 2012(1), make the following Order:

Citation and commencement

1.  This Order may be cited as the Financial Services Act 2012 (Consequential Amendments) Order 2014 and comes into force on 30th September 2014.

Amendments to the Land Registration Rules 2003

2.—(1) Form CIT in Schedule 1 to the Land Registration Rules 2003(2) is amended in accordance with this article.

(2) In certificate Q—

(a) for “To assist the Financial Services Agency in the performance of its functions” substitute “In connection with the Financial Services and Markets Act 2000”;

(b) for “which the Financial Services Authority” substitute “which the Financial Conduct Authority, the Prudential Regulation Authority or the Bank of England”;

(c) for “by the Financial Services Authority” substitute “by the Financial Conduct Authority, the Prudential Regulation Authority or the Bank of England”;

(d) for “I am the Director of Enforcement at the Financial Services Authority or a member of the Financial Services Authority authorised to apply on behalf of the Director of Enforcement”, substitute—

“I am—

a Head of Department in the Enforcement and Financial Crime Division of the Financial Conduct Authority, or a member of staff of the Financial Conduct Authority authorised to apply on behalf of a Head of Department,

the Head of Regulatory Action in the Prudential Regulation Authority, or a member of staff of the Prudential Regulation Authority authorised to apply on behalf of the Head of Regulatory Action,

a person authorised to apply on behalf of the Bank of England.”.

David Evennett

Mark Lancaster

Two of the Lords Commissioners of Her Majesty’s Treasury

4th September 2014

EXPLANATORY NOTE

(This note is not part of the Order)

This Order makes a consequential amendment to Form CIT of the Land Registry Forms (set out in Schedule 1 to the Land Registration Rules 2003), amending Certificate Q to that form to reflect the replacement of the Financial Services Authority by the Financial Conduct Authority and the Prudential Regulation Authority, and the enforcement functions of the Bank of England introduced by the Financial Services Act 2012.

This Order will have no effect on the costs of business and the voluntary sector. For that reason, no impact assessment has been produced for this instrument.

(1)

2012 c.21.

(2)

S.I. 2003/1417. Schedule 1 to the Land Registration Rules 2003 was substituted by S.I. 2008/1919, and amended by S.I. 2009/1996; 2009/2748; 2013/2318 and 2014/834 .