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SCHEDULES

SCHEDULE 12Amendments of Parts 11 and 23 of FSMA 2000

PART 1Part 11 of FSMA 2000: information gathering and investigations

14(1)Section 176 (entry of premises under warrant) is amended as follows.

(2)In subsection (1), for “the Authority” substitute “either regulator”.

(3)After subsection (5) insert—

(5A)A warrant under this section may be executed by any constable.

(5B)The warrant may authorise persons to accompany any constable who is executing it.

(5C)The powers in subsection (5) may be exercised by a person authorised by the warrant to accompany a constable; but that person may exercise those powers only in the company of, and under the supervision of, a constable.

(4)In subsection (6), for “16” substitute “16(3) to (12)”.

(5)In subsection (7), for “18” substitute “18(3) to (12)”.

(6)Omit subsection (8).

(7)In subsection (11), in paragraph (a), for “the Authority” substitute “a regulator”.