The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 No. 472

SCHEDULE 2 Amendments of subordinate legislation

The Bankruptcy (Financial Services and Markets Act 2000) Rules 2001

68.  In rule 2 of the Bankruptcy (Financial Services and Markets Act 2000) Rules 2001(1), for the definition of “the Authority” substitute—

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

(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,

(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;”.

(1)

S.I. 2001/3634.