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SCHEDULE 2U.K.Minor and consequential amendments

Part 1U.K.Amendments of Financial Services and Markets Act 2000

10(1)Section 69 (statement of policy) is amended as follows.U.K.

(2)In subsection (1), for paragraphs (a) and (b) substitute—

(a)the imposition of penalties, suspensions or restrictions under section 66;

(b)the amount of penalties under that section; and

(c)the period for which suspensions or restrictions under that section are to have effect.

(3)In subsection (2)—

(a)in the opening words, after “should be” insert “ , or what the period for which a suspension or restriction is to have effect should be, ”, and

(b)in paragraph (c), for “the person on whom the penalty is to be imposed” substitute “ the person against whom action is to be taken ”.