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) ”.