SCHEDULES
SCHEDULE 3Consequential amendments relating to Part 4
Financial Services and Markets Act 2000
I16
1
Section 67 of FSMA 2000 (disciplinary measures: procedure and right to refer to Tribunal) is amended as follows.
2
In subsection (1), for “or (ab)” substitute “
, (ab) or (ac)
”
.
3
In subsection (2A), for “restriction” (in both places) substitute “
condition
”
.
4
After subsection (2A) insert—
2B
A warning notice about a proposal to limit the period for which an approval is to have effect must state the length of that period.
5
In subsection (4), for “or (ab)” substitute “
, (ab) or (ac)
”
.
6
In subsection (5A), for “restriction” (in both places) substitute “
condition
”
.
7
After subsection (5A) insert—
5B
A decision notice about limiting the period for which an approval is to have effect must state the length of that period.
8
In subsection (7), for “or (ab)” substitute “
, (ab) or (ac)
”
.