PART 9B

Ring-fencing

Introductory

Orders under section 142A, 142B, 142D or 142E
142F
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.
Pt. 9B inserted (1.3.2014 for the insertion of ss. 142A-142F, 142I, 142W-142Z1 for specified purposes, 21.4.2016 for the insertion of s. 142H, 1.1.2019 in so far as not already in force) 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; S.I. 2016/512, art. 2(a); S.I. 2018/1306, art. 2(d)
Pt. 9B power to apply (with modifications) conferred (1.1.2019) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 7(2)(b), 148(5); S.I. 2018/1306, art. 2(f)