SCHEDULES

SCHEDULE 4Extension of relevant authorised persons regime to all authorised persons

Amendments of Financial Services and Markets Act 2000

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After section 59ZA insert—

59ZBDesignated senior management functions

For the purposes of this Part the following are “designated senior management functions”—

a

a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) which is designated as a senior management function by the FCA under section 59(6A);

b

a function of a description specified in rules made by the PRA under section 59(3)(a).