SCHEDULE 2Amendments of subordinate legislation

The Bankruptcy (Financial Services and Markets Act 2000) Rules 200168

In rule 2 of the Bankruptcy (Financial Services and Markets Act 2000) Rules 2001121, for the definition of “the Authority” substitute—

  • “the Authority” in relation to an individual means—

    1. a

      if the individual is a PRA-authorised person or was carrying on a PRA-regulated activity in contravention of the general prohibition, the FCA or the PRA,

    2. b

      in any other case, the FCA,

and terms used in this definition which are defined in the Act have the meaning given in the Act;