- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 No. 1385
18.—(1) Part 9 of the Financial Services and Markets Act 2000(1) (“the Act”) (hearings and appeals) applies in respect of a reference to the Tribunal under regulation 17 as it applies in respect of a reference to the Tribunal under the Act but with the following modifications.
(2) In section 133 (proceedings before the Tribunal: general provisions)—
(a)in subsection 1—
(i)omit “(whether made under this or any other Act)”;
(ii)in paragraph (a), omit “or the PRA”;
(iii)omit paragraphs (b) and (c);
(b)omit subsection (1A);
(c)in subsection (2), omit “, (b) or (c)”;
(d)omit subsection (5);
(e)in subsection (6), for “In any other case, the Tribunal” substitute “The Tribunal”;
(f)omit subsection (7A).
(3) Omit section 133A (proceedings before the Tribunal: decision and supervisory notices, etc).
(4) In section 133B (offences), in subsection (1)—
(a)in paragraph (a), omit “or the PRA”;
(b)omit paragraphs (b) and (c).
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