SCHEDULES

SCHEDULE 3Consequential amendments relating to Part 4

Financial Services and Markets Act 2000

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1

Section 63 of FSMA 2000 (withdrawal of approval) is amended as follows.

2

In subsection (1A)(a), for “significant-influence function” substitute “ relevant senior management function ”.

3

For subsection (1B) substitute—

1B

In subsection (1A) “relevant senior management function” means a function which the PRA is satisfied is a senior management function as defined in section 59ZA (whether or not the function has been designated as such by the FCA).