F1PART 9BRing-fencing

Annotations:
Amendments (Textual)
F1

Pt. 9B inserted (1.3.2014 for the insertion of ss. 142A-142F, 142I, 142W-142Z1 for specified purposes) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 4(1), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2

Introductory

142FOrders under section 142A, 142B, 142D or 142E

1

An order made under section 142A, 142B, 142D or 142E may—

a

authorise or require the making of rules by a regulator for the purposes of, or for purposes connected with, any provision of the order;

b

authorise the making of other instruments by a regulator for the purposes of, or for purposes connected with, any provision of the order;

c

refer to a publication issued by a regulator, another body in the United Kingdom or an international organisation, as the publication has effect from time to time.

2

If the order confers powers on a regulator or authorises or requires the making of rules or other instruments by a regulator, the order may also—

a

impose conditions on the exercise of any power conferred on the regulator;

b

impose consultation requirements on the regulator;

c

make the exercise of a power by the regulator subject to the consent of the Treasury.