Financial Services (Banking Reform) Act 2013

132Role of FCA Consumer Panel in relation to PRAU.K.

This section has no associated Explanatory Notes

In section 1Q of FSMA 2000 (the Consumer Panel), after subsection (5) insert—

(5A)If it appears to the Consumer Panel that any matter being considered by it is relevant to the extent to which the general policies and practices of the PRA are consistent with the PRA's general duties under sections 2B to 2H, it may communicate to the PRA any views relating to that matter.

(5B)The PRA may arrange to meet any of the FCA's expenditure on the Consumer Panel which is attributable to the Panel's functions under subsection (5A).

Commencement Information

I1S. 132 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1