Financial Services and Markets Act 2000

[F1140AInterpretationU.K.

This section has no associated Explanatory Notes

(1)In this Chapter—

  • [F2“the CMA” means the Competition and Markets Authority.]

  • “market in the United Kingdom” includes—

    (a)

    so far as it operates in the United Kingdom or a part of the United Kingdom, any market which operates there and in another country or territory or in a part of another country or territory, and

    (b)

    any market which operates only in a part of the United Kingdom;

  • F3...

  • “practices”, in relation to each regulator, means practices adopted by that regulator in the exercise of functions under this Act;

  • “regulating provisions” means—

    (a)

    in relation to the FCA, any—

    (i)

    rules of the FCA;

    (ii)

    general guidance (as defined by section 139B(5) [F4or 333P(9)]);

    (iii)

    F5...

    (iv)

    F6...

    (v)

    [F7standards set under section 333H;

    (vi)

    statement issued by the FCA under 333K;]

    (b)

    in relation to the PRA, any—

    (i)

    rules of the PRA;

    (ii)

    F8...

    (iii)

    F8...

F9(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)For the purposes of this Chapter, any reference to a feature of a market in the United Kingdom for goods or services is to be read as a reference to—

(a)the structure of the market concerned or any aspect of that structure,

(b)any conduct (whether or not in the market concerned) of one or more than one person who supplies or acquires goods or services in the market concerned, or

(c)any conduct relating to the market concerned of customers of any person who supplies or acquires goods or services.

(4)In subsection (3) “conduct” includes any failure to act (whether or not intentional) and any other unintentional conduct.]

Textual Amendments

F1Pt. 9A substituted for ss. 138-164 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 24(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

F4Words in s. 140A(1) inserted (3.3.2015) by Pension Schemes Act 2015 (c. 8), s. 89(1)(a), Sch. 3 para. 10(a) (with s. 87)

F5Words in s. 140A omitted (7.3.2016) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 3 para. 10(a)(i); S.I. 2015/490, art. 2(1)(b) (with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))

F7Words in s. 140A(1) inserted (3.3.2015) by Pension Schemes Act 2015 (c. 8), s. 89(1)(a), Sch. 3 para. 10(b) (with s. 87)

F8Words in s. 140A omitted (7.3.2016) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 3 para. 10(b); S.I. 2015/490, art. 2(1)(b) (with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))