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The Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015

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Rules and requirements imposed by a regulator under this Order

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20.—(1) Requirements imposed by either regulator under this Order may make different provision for different cases.

(2) Rules made under article 2 or 17—

(a)by the FCA are to be treated as if they were general rules made by the FCA under section 137A ((the FCA’s general rules)(1);

(b)by the PRA are to be treated as if they were general rules made by the PRA under section 137G (the PRA’s general rules),

and Part 9A of FSMA shall apply in relation to rules made under those articles.

(1)

Section 137A was inserted, together with sections 137B to 137T and the rest of Part 9A, by the Financial Services Act 2012 (c. 21), section 24.

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