SCHEDULES
SCHEDULE 9

Discipline and enforcement
PART 4

Disciplinary measures
13
1
Section 206A (suspending permission to carry on regulated activities etc.) is amended as follows.
2
In subsection (1), for “Authority” substitute “appropriate regulator”.
3
After that subsection insert—
1A
The power conferred by subsection (1) is also exercisable by the FCA if it considers that an authorised person has contravened a requirement imposed on the person by—
a
the Payment Services Regulations 2009, or
b
the Electronic Money Regulations 2011.
4
In subsection (2)—
a
in the definition of “permission”, for “the Authority” substitute “the FCA or the PRA”, and
b
omit the definition of “relevant requirement”.
5
In subsection (6), for “Authority” substitute “appropriate regulator”.