PART 9C

Prudential regulation of FCA investment firms

Rules

Matters to consider when making Part 9C rules
143G
1
When making Part 9C rules, the FCA must, among other things, have regard to—
a
any relevant standards set by an international standard-setting body,
and
b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d
any other matter specified by the Treasury by regulations.
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
When making Part 9C rules, the FCA must consider, and consult the Treasury about, the likely effect of the rules on relevant equivalence decisions.
4
For the purpose of this section, an equivalence decision is “relevant” if the Treasury have, by notice in writing, informed the FCA that it is relevant for that purpose.
5
In this section—
- “
equivalence decision
” means a decision as to whether the law and practice of one country or territory is equivalent to the law and practice of another country or territory, either generally or as it relates to a particular matter;
- “
territory
” includes the European Union and any other international organisation or authority comprising countries or territories.
6
This section is subject to section 143I.
S. 143G(1)(b) omitted (29.8.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), ss. 28(8)(a)(ii), 86(3); S.I. 2023/779, reg. 4(s)
S. 143G: power to amend conferred (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 67(1)(c), 86(3); S.I. 2023/779, reg. 4(ss)
S. 143G(1)(c) omitted (29.8.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), ss. 28(8)(a)(ii), 86(3); S.I. 2023/779, reg. 4(s)
Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)
S. 143G(2) omitted (29.8.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), ss. 28(8)(b), 86(3); S.I. 2023/779, reg. 4(s)
Word in s. 143G(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 28(8)(a)(i), 86(3); S.I. 2023/779, reg. 4(s)
S. 143G(1)(c) excluded (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 22(a); S.I. 2021/671, reg. 4(b)