<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8" NumberOfProvisions="1434" RestrictEndDate="2016-05-31" xml:lang="en" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictStartDate="2016-05-13" RestrictExtent="E+W+S+N.I."><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2000/8/section/113/2016-05-13</dc:identifier><dc:title>Financial Services and Markets Act 2000</dc:title><dc:description>An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes.</dc:description><dc:date>2000-06-15</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-04-07</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2016-05-13</dct:valid>
					
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					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2000/8/notes/contents" title="Explanatory Notes Table of Contents"/>
					
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					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2000/8/contents/2016-05-13" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2001-12-01" title="2001-12-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2000/8/section/113/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2001-12-01" title="2001-12-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2013-04-01" title="2013-04-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2000/8/section/113" title="current"/>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2000"/><ukm:Number Value="8"/><ukm:EnactmentDate Date="2000-06-14"/><ukm:ISBN Value="010540800X"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectingYear="2019" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/707" AffectedClass="UnitedKingdomPublicGeneralAct" Type="inserted" AffectingNumber="707" URI="http://www.legislation.gov.uk/id/effect/key-875cc899be978a92b596eb35963a5fdf" Modified="2022-01-20T13:03:31Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" Row="44" AffectingProvisions="reg. 8(9)" AffectingClass="UnitedKingdomStatutoryInstrument" EffectId="key-875cc899be978a92b596eb35963a5fdf" AffectedProvisions="s. 86(9A)" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="false" Notes="This amendment not applied to legislation.gov.uk. Reg. 8(6)-(10) omitted (6.9.2019) by virtue of S.I. 2019/1234, regs. 1(2), 13(c)" AffectedYear="2000" AffectedExtent="E+W+S+N.I." AffectingEffectsExtent="E+W+S+N.I." AffectedNumber="8" Comments="IP completion day" AppendedCommentary="(with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1234, regs. 1(3), 29(2))); 2020 c. 1, Sch. 5 para. 1(1)"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-86-9A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/86/9A" FoundRef="section-86">s. 86(9A)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-8-9" URI="http://www.legislation.gov.uk/id/uksi/2019/707/regulation/8/9">reg. 8(9)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2019/707/regulation/1/2">reg. 1(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AppendedCommentary="(with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1234, regs. 1(3), 29(2))); 2020 c. 1, Sch. 5 para. 1(1)" AffectedNumber="8" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/707" AffectingClass="UnitedKingdomStatutoryInstrument" AffectedExtent="E+W+S+N.I." AffectingNumber="707" AffectingYear="2019" Comments="IP completion day" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" RequiresApplied="false" Type="inserted" EffectId="key-62f9ebcef830ae282962af1b813987d9" Row="49" Modified="2022-01-20T13:03:31Z" Notes="This amendment not applied to legislation.gov.uk. Reg. 10(4)(5) omitted (6.9.2019) by virtue of S.I. 2019/1234, regs. 1(2), 15(b)" URI="http://www.legislation.gov.uk/id/effect/key-62f9ebcef830ae282962af1b813987d9" AffectedProvisions="s. 87A(11)" AffectingEffectsExtent="E+W+S+N.I." AffectingProvisions="reg. 10(5)" AffectedYear="2000"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-87A-11" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/87A/11" FoundRef="section-87A">s. 87A(11)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-10-5" URI="http://www.legislation.gov.uk/id/uksi/2019/707/regulation/10/5">reg. 10(5)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2019/707/regulation/1/2">reg. 1(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingEffectsExtent="E+W+S+N.I." URI="http://www.legislation.gov.uk/id/effect/key-f22c04ada6692c04c5853c1b3ce00f60" Row="68" AffectingNumber="310" AffectingClass="UnitedKingdomStatutoryInstrument" AffectedYear="2000" Modified="2022-01-20T13:03:31Z" AffectedExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Notes="This amendment not applied to legislation.gov.uk. Reg. 5(11)(b) omitted immediately before IP completion day by virtue of S.I. 2020/1385, regs. 1(4), 51(2)(e)" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/310" RequiresApplied="false" AffectedNumber="8" AffectingProvisions="reg. 5(11)(b)" AffectedProvisions="s. 124(10)(c)(i)" AppendedCommentary="2020 c. 1, Sch. 5 para. 1(1)" Comments="IP completion day" EffectId="key-f22c04ada6692c04c5853c1b3ce00f60" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2019" Type="word omitted"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-124-10-c-i" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/124/10/c/i" FoundRef="section-124">s. 124(10)(c)(i)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Market Abuse (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-5-11-b" URI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/11/b">reg. 5(11)(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/1/3">reg. 1(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedYear="2000" AffectingClass="UnitedKingdomStatutoryInstrument" URI="http://www.legislation.gov.uk/id/effect/key-1b6544d7af86f0dee5166b56c2d79ff3" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/310" AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2022-01-20T13:03:31Z" Comments="IP completion day" Type="word inserted" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" EffectId="key-1b6544d7af86f0dee5166b56c2d79ff3" AffectingEffectsExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectingNumber="310" Row="69" AppendedCommentary="2020 c. 1, Sch. 5 para. 1(1)" Notes="This amendment not applied to legislation.gov.uk. Reg. 5(12)(a)(b) omitted immediately before IP completion day by virtue of S.I. 2020/1385, regs. 1(4), 51(2)(f)" RequiresApplied="false" AffectedNumber="8" AffectedProvisions="s. 129(7)(a)" AffectingYear="2019" AffectingProvisions="reg. 5(12)(a)(i)" AffectedExtent="E+W+S+N.I."><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-129-7-a" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/129/7/a" FoundRef="section-129">s. 129(7)(a)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Market Abuse (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-5-12-a-i" URI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/a/i">reg. 5(12)(a)(i)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/1/3">reg. 1(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AppendedCommentary="2020 c. 1, Sch. 5 para. 1(1)" Comments="IP completion day" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectingEffectsExtent="E+W+S+N.I." AffectingProvisions="reg. 5(12)(a)(ii)" AffectingClass="UnitedKingdomStatutoryInstrument" Row="70" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/310" URI="http://www.legislation.gov.uk/id/effect/key-9f4d2636661658e584be975ef736bdfb" Type="omitted and word" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 129(7)(c)" RequiresApplied="false" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="310" AffectingYear="2019" EffectId="key-9f4d2636661658e584be975ef736bdfb" AffectedYear="2000" AffectedNumber="8" Modified="2022-01-20T13:03:31Z" AffectedExtent="E+W+S+N.I." Notes="This amendment not applied to legislation.gov.uk. Reg. 5(12)(a)(b) omitted immediately before IP completion day by virtue of S.I. 2020/1385, regs. 1(4), 51(2)(f)"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-129-7-c" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/129/7/c" FoundRef="section-129">s. 129(7)(c)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Market Abuse (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-5-12-a-ii" URI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/5/12/a/ii">reg. 5(12)(a)(ii)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/310/regulation/1/3">reg. 1(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedNumber="8" Row="180" RequiresApplied="false" AppendedCommentary="(with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1234, regs. 1(3), 29(2))); 2020 c. 1, Sch. 5 para. 1(1)" Modified="2022-01-20T13:03:31Z" Type="inserted" AffectedYear="2000" Notes="This amendment not applied to legislation.gov.uk. Reg. 38(2)-(5)(7)(8) omitted (6.9.2019) by virtue of S.I. 2019/1234, regs. 1(2), 20" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectingYear="2019" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/707" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedExtent="E+W+S+N.I." AffectingProvisions="reg. 38(5)(b)" AffectingEffectsExtent="E+W+S+N.I." AffectedProvisions="Sch. 11A para. 5(3)" URI="http://www.legislation.gov.uk/id/effect/key-a5848184868fb09bd796f96db116dad6" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="UnitedKingdomStatutoryInstrument" EffectId="key-a5848184868fb09bd796f96db116dad6" Comments="IP completion day" AffectingNumber="707"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-11A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/11A">Sch. 11A </ukm:Section><ukm:Section Ref="schedule-11A-paragraph-5-3" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/11A/paragraph/5/3" FoundRef="schedule-11A-paragraph-5">para. 5(3)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-38-5-b" URI="http://www.legislation.gov.uk/id/uksi/2019/707/regulation/38/5/b">reg. 38(5)(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2019/707/regulation/1/2">reg. 1(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect URI="http://www.legislation.gov.uk/id/effect/key-939a37929efc4d8ee2527c61acc808b2" AffectingNumber="662" Modified="2022-01-20T13:03:31Z" AffectedProvisions="Sch. 17A para. 12" AffectingYear="2019" AffectingProvisions="reg. 13(1)" AffectedExtent="E+W+S+N.I." Notes="This amendment not applied to legislation.gov.uk. Reg. 13(1) substituted (25.6.2020) by S.I. 2020/646, regs. 1(2)(c), 11(3)" AffectingClass="UnitedKingdomStatutoryInstrument" Comments="IP completion day" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" EffectId="key-939a37929efc4d8ee2527c61acc808b2" AffectedYear="2000" AppendedCommentary="(with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" Row="188" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/662" AffectedClass="UnitedKingdomPublicGeneralAct" Type="words substituted" RequiresApplied="false" AffectedNumber="8" AffectingEffectsExtent="E+W+S+N.I."><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="schedule-17A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/17A" err:Ref="Section missing in legislation" Missing="true">Sch. 17A </ukm:Section><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="schedule-17A-paragraph-12" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/17A/paragraph/12" err:Ref="Section missing in legislation" Missing="true">para. 12</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-13-1" URI="http://www.legislation.gov.uk/id/uksi/2019/662/regulation/13/1">reg. 13(1)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-3" URI="http://www.legislation.gov.uk/id/uksi/2019/662/regulation/1/3">reg. 1(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingURI="http://www.legislation.gov.uk/id/ukpga/2023/29" AffectedProvisions="Sch. 2A para. 19(2)(b)(iia)" AffectingClass="UnitedKingdomPublicGeneralAct" Row="1542" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectedClass="UnitedKingdomPublicGeneralAct" RequiresApplied="false" AffectingYear="2023" AffectedNumber="8" AffectingEffectsExtent="E+W+S+N.I." Type="inserted" URI="http://www.legislation.gov.uk/id/effect/key-abb334800fe3123a9c453d646a5962c5" AffectingNumber="29" EffectId="key-abb334800fe3123a9c453d646a5962c5" AffectingProvisions="Sch. 10 para. 19(a)" Modified="2026-03-02T11:20:22Z" AffectedYear="2000"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-2A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2A">Sch. 2A </ukm:Section><ukm:Section Ref="schedule-2A-paragraph-19-2-b" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2A/paragraph/19/2/b">para. 19(2)(b)</ukm:Section><ukm:Section Ref="schedule-2A-paragraph-19-2-iia" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2A/paragraph/19/2/iia" FoundRef="schedule-2A-paragraph-19">(iia)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services and Markets Act 2023</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-10" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/10">Sch. 10 </ukm:Section><ukm:Section Ref="schedule-10-paragraph-19-a" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/10/paragraph/19/a">para. 19(a)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-86-1-e" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/1/e">s. 86(1)(e)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2023-06-29" Qualification="for specified purposes"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2022-02-02T20:32:30Z" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedYear="2000" Row="68" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2016/14" AffectingYear="2016" Comments="Contains power; Before the prosp insertion of Pt. 20C comes into force, Pt. 20C heading and s. 333U are amended on 26.6.2017 by 2017 SI0692, reg. 36(2) and Sch. 7 para. 3. Please ensure these amendments are carried through into Pt. 20C when it is eventually brought into force: “(3) For the heading of Part 20C (as inserted by the Bank of England and Financial Services Act 2016), substitute “Politically exposed persons: money laundering and terrorist financing”. (4) In section 333U (guidance relating to money laundering and politically exposed persons)— (a) in the heading, after “Money laundering” insert “and terrorist financing”; and (b) in subsection (3)— (i) for “Secretary of State” substitute “Treasury”; and (ii) in paragraph (b), after “by the FCA” insert “or under the ombudsman scheme”." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AppendedCommentary="(as amended (26.6.2017) by S.I. 2017/692, reg. 1(2), Sch. 7 para. 3 (with regs. 8, 15, 36(2))" EffectId="key-9f40eff4aabeafb17afaec32bf3adb5c" AffectingProvisions="s. 30(3)" RequiresApplied="true" Type="inserted" URI="http://www.legislation.gov.uk/id/effect/key-9f40eff4aabeafb17afaec32bf3adb5c" AffectedProvisions="Pt. 20C" AffectedNumber="8" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingNumber="14" AffectedExtent="E+W+S+N.I."><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="part-20C" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/part/20C" err:Ref="Section missing in legislation" Missing="true">Pt. 20C</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Bank of England and Financial Services Act 2016</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-30-3" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/section/30/3">s. 30(3)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-41-3" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/section/41/3">s. 41(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingNumber="22" URI="http://www.legislation.gov.uk/id/effect/key-6ca6fc8c64f818e454714c91e07697f2" AffectingProvisions="s. 23(10)" EffectId="key-6ca6fc8c64f818e454714c91e07697f2" AffectedProvisions="Sch. 2A 2B" RequiresApplied="true" Type="power to apply (with modifications) conferred" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" AffectingClass="UnitedKingdomPublicGeneralAct" Modified="2022-01-20T13:03:31Z" Row="169" AffectedYear="2000" AffectingEffectsExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2021" AffectedNumber="8" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="schedule-2A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2A" err:Ref="Section missing in legislation" Missing="true">Sch. 2A</ukm:Section> <ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="schedule-2B" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2B" err:Ref="Section missing in legislation" Missing="true">2B</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-23-10" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/23/10">s. 23(10)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingProvisions="s. 22(2)" AffectingNumber="22" Modified="2023-08-29T11:14:38Z" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedNumber="8" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectingYear="2021" URI="http://www.legislation.gov.uk/id/effect/key-0140b0bab4e2adf4d449c7fca67df6a1" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectedProvisions="s. 31(1)(aa)" Type="inserted" AffectingEffectsExtent="E+W+S+N.I." EffectId="key-0140b0bab4e2adf4d449c7fca67df6a1" AffectedYear="2000" Row="55" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-31-1-aa" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/31/1/aa" FoundRef="section-31">s. 31(1)(aa)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-22-2" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/22/2">s. 22(2)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect RequiresApplied="true" AffectingProvisions="s. 22(3)" AffectingYear="2021" URI="http://www.legislation.gov.uk/id/effect/key-2c60a029232f828b8c5dbdfba9c798fd" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectedYear="2000" EffectId="key-2c60a029232f828b8c5dbdfba9c798fd" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" AffectingClass="UnitedKingdomPublicGeneralAct" Modified="2023-08-29T11:14:38Z" AffectedProvisions="s. 32A" Type="inserted" AffectingNumber="22" Row="56" AffectingEffectsExtent="E+W+S+N.I." AffectedNumber="8" AffectedClass="UnitedKingdomPublicGeneralAct"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="section-32A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/32A" err:Ref="Section missing in legislation" Missing="true">s. 32A</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-22-3" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/22/3">s. 22(3)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingNumber="22" AffectedProvisions="s. 36A and cross-heading" Modified="2023-08-29T11:14:38Z" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedYear="2000" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" RequiresApplied="true" EffectId="key-e67f7d8b98a3b70a471b8a49d867eb84" AffectingClass="UnitedKingdomPublicGeneralAct" Type="inserted" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" Row="57" AffectingEffectsExtent="E+W+S+N.I." AffectingProvisions="s. 22(4)" AffectingYear="2021" URI="http://www.legislation.gov.uk/id/effect/key-e67f7d8b98a3b70a471b8a49d867eb84" AffectedNumber="8"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="section-36A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/36A" err:Ref="Section missing in legislation" Missing="true">s. 36A</ukm:Section> and cross-heading</ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-22-4" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/22/4">s. 22(4)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingClass="UnitedKingdomPublicGeneralAct" AffectedClass="UnitedKingdomPublicGeneralAct" EffectId="key-fcc0de8be4391c23dec47137ddcec2a4" AffectingProvisions="s. 23(10)" Type="power to apply (with modifications) conferred" URI="http://www.legislation.gov.uk/id/effect/key-fcc0de8be4391c23dec47137ddcec2a4" Row="60" Modified="2023-08-29T11:14:38Z" AffectingYear="2021" AffectedProvisions="s. 32A" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" AffectingEffectsExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" RequiresApplied="true" AffectedNumber="8" AffectedYear="2000" AffectingNumber="22"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="section-32A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/32A" err:Ref="Section missing in legislation" Missing="true">s. 32A</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-23-10" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/23/10">s. 23(10)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingEffectsExtent="E+W+S+N.I." AffectingClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="s. 23(10)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectingNumber="22" Row="61" EffectId="key-61b01e0bec5b297c5597aa9704f371c6" AffectingYear="2021" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedYear="2000" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" URI="http://www.legislation.gov.uk/id/effect/key-61b01e0bec5b297c5597aa9704f371c6" AffectedNumber="8" Type="power to apply (with modifications) conferred" Modified="2023-08-29T11:14:38Z" RequiresApplied="true" AffectedProvisions="Sch. 2A"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="schedule-2A" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2A" err:Ref="Section missing in legislation" Missing="true">Sch. 2A</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-23-10" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/23/10">s. 23(10)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect EffectId="key-aac44921d3994325926d8f41aeb37761" AffectingYear="2021" AffectingNumber="22" AffectingEffectsExtent="E+W+S+N.I." Type="power to apply (with modifications) conferred" URI="http://www.legislation.gov.uk/id/effect/key-aac44921d3994325926d8f41aeb37761" AffectedProvisions="Sch. 2B" AffectedNumber="8" RequiresApplied="true" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingProvisions="s. 23(10)" Row="62" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2000" Modified="2023-08-29T11:14:38Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="schedule-2B" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/schedule/2B" err:Ref="Section missing in legislation" Missing="true">Sch. 2B</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-23-10" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/23/10">s. 23(10)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2023-08-29T11:14:38Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" AffectingYear="2021" RequiresApplied="true" AffectingClass="UnitedKingdomPublicGeneralAct" EffectId="key-146b1815125d882430250621162b81da" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" AffectedYear="2000" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="Sch. 2B" Row="415" AffectedNumber="8" AffectingProvisions="Sch. 7" AffectingEffectsExtent="E+W+S+N.I." 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AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8"><ukm:AffectedTitle>Financial Services and Markets Act 2000</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section xmlns:err="http://www.legislation.gov.uk/namespaces/error" Ref="section-71J" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/71J" err:Ref="Section missing in legislation" Missing="true">s. 71J</ukm:Section> and cross-heading</ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2021</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-8" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/schedule/8">Sch. 8 </ukm:Section><ukm:Section Ref="schedule-8-paragraph-4" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/schedule/8/paragraph/4">para. 4</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-49-5" URI="http://www.legislation.gov.uk/id/ukpga/2021/22/section/49/5">s. 49(5)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2021/22" Modified="2023-08-29T11:14:38Z" URI="http://www.legislation.gov.uk/id/effect/key-3f1bd96525c93768fff2391b9658bd21" AffectedProvisions="s. 214(5A)" AffectingYear="2021" Type="inserted" AffectingNumber="22" AffectingProvisions="Sch. 8 para. 8" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2000/8" EffectId="key-3f1bd96525c93768fff2391b9658bd21" RequiresApplied="true" Row="422" AffectedNumber="8" AffectingEffectsExtent="E+W+S+N.I." 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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/body/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/body" NumberOfProvisions="943" RestrictEndDate="2025-03-19" RestrictStartDate="2016-05-13" RestrictExtent="E+W+S+N.I."><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/part/VII/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/part/VII" NumberOfProvisions="21" RestrictEndDate="2020-06-26" id="part-VII" RestrictStartDate="2016-01-01" RestrictExtent="E+W+S+N.I."><Number>Part VII</Number><Title> Control of Business Transfers</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2013-04-01"><Title> Appointment of actuary in relation to reduction of benefits.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113" id="section-113"><Pnumber><CommentaryRef Ref="c1709303"/>113</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/1/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/1" id="section-113-1"><Pnumber>1</Pnumber><P2para><Text>This section applies if an order has been made under section 111(1).</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/2" id="section-113-2"><Pnumber>2</Pnumber><P2para><Text>The court making the order may, on the application of  <Substitution ChangeId="key-6df0e5ff342b6bc024b8f12f21c561f7-1516631218295" CommentaryRef="key-6df0e5ff342b6bc024b8f12f21c561f7">either regulator</Substitution>, appoint an independent actuary—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2/a/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/2/a" id="section-113-2-a"><Pnumber>a</Pnumber><P3para><Text>to investigate the business transferred under the scheme; and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/2/b/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/2/b" id="section-113-2-b"><Pnumber>b</Pnumber><P3para><Text>to report to the  <Substitution ChangeId="key-8503b30fe7bebe8d878645c0c30bff84-1516631243520" CommentaryRef="key-8503b30fe7bebe8d878645c0c30bff84">regulator which made the application</Substitution>  on any reduction in the benefits payable under policies entered into by <Substitution ChangeId="key-75f9d1c53aae4b2689a2fde035857ebc-1532513389222" CommentaryRef="key-75f9d1c53aae4b2689a2fde035857ebc">the transferor concerned</Substitution> that, in the opinion of the actuary, ought to be made.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/3/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/3" id="section-113-3"><Pnumber><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4">An application under subsection (2) may be made by the PRA only if—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/3/a/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/3/a" id="section-113-3-a"><Pnumber><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4"><Substitution ChangeId="key-75f9d1c53aae4b2689a2fde035857ebc-1532513393222" CommentaryRef="key-75f9d1c53aae4b2689a2fde035857ebc">the transferor concerned</Substitution></Addition><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4"> or the transferee is a PRA-authorised person, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/section/113/3/b/2016-05-13" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/113/3/b" id="section-113-3-b"><Pnumber><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4"><Substitution ChangeId="key-75f9d1c53aae4b2689a2fde035857ebc-1532513397331" CommentaryRef="key-75f9d1c53aae4b2689a2fde035857ebc">the transferor concerned</Substitution></Addition><Addition ChangeId="key-0fbceaebf578df279b076cbfc5bbaac4-1516631197952" CommentaryRef="key-0fbceaebf578df279b076cbfc5bbaac4"> or the transferee has as a member of its immediate group a PRA-authorised person.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group></Part></Body></Primary><Commentaries><Commentary id="c1709303" Type="C"><Para><Text>S. 113 applied (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3626" id="c02678" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3626">S.I. 2001/3626</Citation>, <CitationSubRef id="c02679" CitationRef="c02678" URI="http://www.legislation.gov.uk/id/uksi/2001/3626/article/1" Operative="true" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="c02680" CitationRef="c02678" URI="http://www.legislation.gov.uk/id/uksi/2001/3626/article/3/a" SectionRef="article-3-a">3(a)</CitationSubRef></Text></Para></Commentary><Commentary id="key-0fbceaebf578df279b076cbfc5bbaac4" Type="F"><Para><Text>S. 113(3) inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cuck3x322-00007" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cuck3x322-00008" CitationRef="cuck3x322-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cuck3x322-00009" CitationRef="cuck3x322-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/6/paragraph/7/3" SectionRef="schedule-6-paragraph-7-3" Operative="true">Sch. 6 para. 7(3)</CitationSubRef> (with <CitationSubRef id="cuck3x322-00010" CitationRef="cuck3x322-00007" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cuck3x322-00011" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cuck3x322-00012" CitationRef="cuck3x322-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cuck3x322-00013" CitationRef="cuck3x322-00011" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-6df0e5ff342b6bc024b8f12f21c561f7" Type="F"><Para><Text>Words in s. 113(2) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cuck3x322-00020" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cuck3x322-00021" CitationRef="cuck3x322-00020" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cuck3x322-00022" CitationRef="cuck3x322-00020" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/6/paragraph/7/2/a" SectionRef="schedule-6-paragraph-7-2-a" Operative="true">Sch. 6 para. 7(2)(a)</CitationSubRef> (with <CitationSubRef id="cuck3x322-00023" CitationRef="cuck3x322-00020" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cuck3x322-00024" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cuck3x322-00025" CitationRef="cuck3x322-00024" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cuck3x322-00026" CitationRef="cuck3x322-00024" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-8503b30fe7bebe8d878645c0c30bff84" Type="F"><Para><Text>Words in s. 113(2) substituted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cuck3x322-00033" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef id="cuck3x322-00034" CitationRef="cuck3x322-00033" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>, <CitationSubRef id="cuck3x322-00035" CitationRef="cuck3x322-00033" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/6/paragraph/7/2/b" SectionRef="schedule-6-paragraph-7-2-b" Operative="true">Sch. 6 para. 7(2)(b)</CitationSubRef> (with <CitationSubRef id="cuck3x322-00036" CitationRef="cuck3x322-00033" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cuck3x322-00037" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="cuck3x322-00038" CitationRef="cuck3x322-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="cuck3x322-00039" CitationRef="cuck3x322-00037" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-75f9d1c53aae4b2689a2fde035857ebc" Type="F"><Para><Text>Words in Pt. VII substituted (1.3.2014) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2013/33" id="c1n9mov23-00082" Class="UnitedKingdomPublicGeneralAct" Year="2013" Number="33" Title="Financial Services (Banking Reform) Act 2013">Financial Services (Banking Reform) Act 2013 (c. 33)</Citation>, <CitationSubRef id="c1n9mov23-00083" CitationRef="c1n9mov23-00082" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/148/5" SectionRef="section-148-5">s. 148(5)</CitationSubRef>, <CitationSubRef id="c1n9mov23-00084" CitationRef="c1n9mov23-00082" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/schedule/1/paragraph/2" SectionRef="schedule-1-paragraph-2" Operative="true">Sch. 1 para. 2</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/377" id="c1n9mov23-00085" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="377" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014">S.I. 2014/377</Citation>, <CitationSubRef id="c1n9mov23-00086" CitationRef="c1n9mov23-00085" URI="http://www.legislation.gov.uk/id/uksi/2014/377/article/2/1/a" SectionRef="article-2-1-a">art. 2(1)(a)</CitationSubRef>, <CitationSubRef id="c1n9mov23-00087" CitationRef="c1n9mov23-00085" URI="http://www.legislation.gov.uk/id/uksi/2014/377/schedule/part/1" SectionRef="schedule-part-1">Sch. Pt. 1</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>