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).