SCHEDULES

SCHEDULE 2Minor and consequential amendments

Part 1Amendments of Financial Services and Markets Act 2000

20

1

Section 210 (statements of policy) is amended as follows.

2

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

a

the imposition of penalties, suspensions or restrictions under this Part;

b

the amount of penalties under this Part; and

c

the period for which suspensions or restrictions under this Part 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 ”.

4

In subsection (7), after “206” insert “ or 206A ”.