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Financial Services and Markets Act 2000 is up to date with all changes known to be in force on or before 11 October 2024. There are changes that may be brought into force at a future date.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
CHAPTER 3 Further provisions relating to FCA and PRA
Part III Authorisation and Exemption
Part IV Permission to Carry on Regulated Activities
PART 4A Permission to carry on regulated activities
Part V Performance of Regulated Activities
59A.Specifying functions as controlled functions: supplementary
59AB.Specifying functions as controlled functions: transitional provision
62. Applications for approval: procedure and right to refer to Tribunal.
63ZA.Variation of senior manager's approval at request of relevant authorised person
63ZB.Variation of senior manager's approval on initiative of regulator
63ZD.Statement of policy relating to conditional approval and variation
Removal of directors and senior executives and appointment of temporary manager
Contravention of prohibition relating to public offer of securities
Powers exercisable in case of infringement of transparency obligation
Part VIII Provisions relating to market abuse
129. Power of court to impose administrative sanctions in cases of market abuse
131AC.Meaning of “persons closely associated” in the market abuse regulation
131AD.Individual liability in respect of legal persons under Articles 8 and 12 of the market abuse regulation
131AE.Liability for contraventions of Article 14 or 15 of the market abuse regulation
General rule-making powers of the FCA and the PRA
137B.FCA general rules: clients' money, right to rescind etc.
137C.FCA general rules: cost of credit and duration of credit agreements
137FA.FCA general rules: disclosure of information about pension scheme transaction costs etc
137FB.FCA general rules: disclosure of information about the availability of pensions guidance
137FBA.FCA general rules: advice about transferring or otherwise dealing with annuity payments
137FC.FCA rules: disclosure of information about the availability of financial guidance
137FD.FCA general rules: charges for claims management services
137I.Remuneration policies: Treasury direction to consider compliance
137M.Special provision relating to adequacy of resolution plans
137N.Recovery plans and resolution packs: restriction on duty of confidence
CHAPTER 2 Rules: modification, waiver, contravention and procedural provisions
PART 9D Prudential regulation of credit institutions etc
Part XI Information Gathering and Investigations
PART 12A Powers exercisable in relation to parent undertakings
PART 12B Approval of certain holding companies
Part XIII Incoming Firms: Intervention by FCA or PRA
194. General grounds on which power of intervention is exercisable.
194A. Contravention by relevant EEA firm with UK branch of requirement under markets in financial instruments directive: appropriate regulator primarily responsible for securing compliance
194B.Contravention by relevant EEA firm of requirement in capital requirements directive or capital requirements regulation
194C.Contravention by relevant EEA firm with UK branch of requirement in mortgages directive: appropriate regulator primarily responsible for securing compliance
194D.Contravention by relevant EEA firm of requirement in insurance distribution directive: appropriate regulator primarily responsible for securing compliance
195A.Contravention by relevant EEA firm , EEAUCITS or EEAAIFM of directive requirements: home state regulator primarily responsible for securing compliance
195B.Contravention by relevant EEA firm of requirement in mortgages directive: home state regulator primarily responsible for securing compliance
195C.Contravention by relevant EEA firm of requirement in insurance distribution directive: home state regulator primarily responsible for securing compliance
PART 13A Enhanced supervision of firms exercising rights under the Insurance Distribution Directive
Part XV The Financial Services Compensation Scheme
Part 15A Power to require FSCS manager to act in relation to other schemes
Part XVII Collective Investment Schemes
Chapter V Recognised Overseas Schemes
Part XVIII Recognised investment exchanges, clearing houses , CSDs and other parties
Publication of information by recognised investment exchange
Power to disallow excessive regulatory provision
300A.Power of appropriate regulator to disallow excessive regulatory provision
300C.Restriction on making provision before appropriate regulator decides whether to act
300D.Consideration by appropriate regulator whether to disallow proposed provision
300E.Power to disallow excessive regulatory provision: supplementary
Chapter II Competition Scrutiny
CHAPTER 3B Disciplinary measures in respect of recognised bodies
CHAPTER 3C Critical third parties
Part 18A SUSPENSION AND REMOVAL OF FINANCIAL INSTRUMENTS FROM TRADING
313A. FCA's power to require suspension or removal of financial instruments from trading
313B.Suspension or removal of financial instruments from trading: procedure
313BB.Revocation of requirements: applications by institutions
313BC.Decisions on applications for revocation by institutions
313C.Notification in relation to suspension or removal of a financial instrument from trading
313CA.Suspension or removal of financial instruments from trading: notification and trading on other venues
313CB.Suspension or removal of a financial instrument from a trading by a trading venue: FCA duties
313CC.Suspension or removal of a financial instrument from trading in another EEA state: FCA duties
Part XX Provision of Financial Services by Members of the Professions
Standards for giving of pensions guidance by designated guidance providers
333H.Standards for giving of pensions guidance by designated guidance providers
333I.Monitoring of compliance with standards by designated guidance providers
333J.Failure by designated guidance providers to comply with standards: FCA recommendations
333K.FCA policy on making recommendations under section 333J
333L.FCA policy on making recommendations under section 333J: procedure
333M.Failure by designated guidance providers to comply with standards: ... directions
333N.Directions to designated guidance providers under section 333M: relationship with power to revoke a designation
Part XXII Auditors and Actuaries
Part XXIII Public Record, Disclosure of Information and Co-operation
Provision of information to ESMA, the Commission and other EEA States
Arrangements and reconstructions: companies in financial difficulty
391A.Publication: special provisions relating to capital requirements
391B.Publication: special provisions relating to transparency obligations
391D.Publication: special provisions relating to markets in financial instruments
391E.Publication: special provisions relating to insurance distribution
391F.Publication: special provisions relating to the prospectus regulation
SCHEDULES
The Prudential Regulation Authority
Appointed members of governing body
6.The appointed members must be appointed by the court of...
8.The court of directors must secure that the majority of...
10.The court of directors must have regard to generally accepted...
11.(1) Before appointing a person as an appointed member, the...
12.An employee of the FCA is disqualified for appointment as...
Further provision about the consumer financial education body
Gibraltar-based persons carrying on activities in the UK
Imposing requirements in connection with Part 3 or 4 notification
Imposing requirements in connection with Part 3 or 4 notification: procedure
Gibraltar regulator's initiative: the appropriate UK regulator
Gibraltar regulator's initiative: notifying the UK regulator
Gibraltar regulator's initiative: considering a notification
UK regulator's initiative: imposing, varying and cancelling requirements
UK regulator's initiative: procedure for imposing or varying requirements
PART 9 Transition on withdrawal of approval of regulated activity etc
PART 10 Transition on cancellation of UK or Gibraltar permission
PART 12 Consultation etc by UK regulators
Variation or cancellation of Part 4A permission on initiative of FCA: additional power
6.Selling a securitisation position to a retail client located in...
8.Applying for, securing or maintaining the admission of securities to...
10.Determining the amount payable under an instrument or financial contract...
11.Measuring the performance of an investment fund through a benchmark....
13.Contributing data to a regulated benchmark administrator for the purpose...
LIABILITY OF ISSUERS IN CONNECTION WITH PUBLISHED INFORMATION
1.Units (within the meaning in section 237(2)) in an open-ended...
2.Non-equity transferable securities issued by (a) the government of an...
4.Transferable securities unconditionally and irrevocably guaranteed by the government, or...
5.(1) Non-equity transferable securities, issued in a continuous or repeated...
6.Non-fungible shares of capital— (a) the main purpose of which...
Prohibitions and Restrictions imposed by OFFICE OF FAIR TRADING
Part 2 Application of provisions of this Act in relation to Bank of England
Information gathering and investigations
11.(1) The powers conferred by section 165(1) and (3) (power...
12.The power conferred by section 166 (reports by skilled person)...
12A.(1) Section 166A applies in relation to rules made by...
13.(1) The powers conferred by section 167 (appointment of persons...
14.(1) The power conferred by section 168(5) (appointment of persons...
15.An overseas regulator may, in accordance with section 169, request...
16.The power to give information under section 176(1) (entry of...
Part 3 Winding up, administration or insolvency of recognised clearing houses
Insurers in financial difficulties: enforcement of contracts
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