SCHEDULES

SCHEDULE 5Performance of regulated activities

12

(1)

Section 64 (conduct of approved persons: statement and codes) is amended as follows.

(2)

In subsection (2)—

(a)

for “the Authority” substitute “ a regulator ”, and

(b)

after “subsection (1)” insert “ or (1A) ”.

(3)

In subsection (3)(a) to (c), for “Authority” substitute “ regulator issuing the code ”.

(4)

In subsection (4)—

(a)

for “The Authority” substitute “ A regulator ”, and

(b)

after “issued” insert “ by it ”.

(5)

In subsection (5)—

(a)

after “replaced” insert “ by a regulator ”, and

(b)

for “Authority” substitute “ regulator ”.

(6)

In subsection (6)—

(a)

for “the Authority”, in the first place, substitute “ the regulator that issued it ”, and

(b)

for “the Authority”, in the second place, substitute “ that regulator ”.

(7)

In subsection (10), for “The Authority” substitute “ A regulator ”.

(8)

In subsection (11), for paragraph (b) substitute—

“(b)

is to be treated for the purposes of section 1B(6)(a) as part of the FCA's rule-making functions (where the power is exercisable by the FCA) and is to be treated for the purposes of section 2J(1)(a) as part of the PRA's rule-making functions (where the power is exercisable by the PRA).”

(9)

In subsection (12)—

(a)

for “The Authority” substitute “ A regulator ”, and

(b)

after “published” insert “ by it ”.

(10)

For subsection (13) substitute—

“(13)

Any expression which is used both in this section and section 59 has the same meaning in this section as in that section.”