PART 2Transitional and saving provisions concerning the SFT Regulation

CHAPTER 3Temporary registration for run-off period

Application of Part 9 of the Financial Services and Markets Act 200018

1

Part 9 of the Financial Services and Markets Act 20004 (“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).