Financial Services and Markets Act 2023
PART 1Regulatory framework
CHAPTER 1Revocation of assimilated law
1Revocation of assimilated law relating to financial services and markets
2Transitional amendments
3Power to make further transitional amendments
4Power to restate and modify saved legislation
5Power to replace references to EU directives
6Restatement in rules: exemption from consultation requirements etc
7Interpretation of Chapter
CHAPTER 2New regulatory powers
Designated activities regime
8Designated activities
Financial market infrastructure: general rules and requirements
9Rules relating to central counterparties and central securities depositories
10Central counterparties and central securities depositories: other requirements
11Rules relating to investment exchanges and data reporting service providers
12Treasury directions to Bank of England: restrictions
Financial market infrastructure: piloting powers
13Testing of FMI technologies or practices
14Reports on FMI sandboxes
15Permanent implementation of arrangements tested under an FMI sandbox
16Regulations
17Interpretation
Powers in relation to critical third parties
18Critical third parties: designation and powers
19Critical third parties: related amendments
Financial promotion
20Financial promotion
Sustainability disclosure requirements
21Sustainability disclosure requirements
Digital settlement assets
22Digital settlement assets
23Digital settlement assets: power to make regulations
Mutual recognition
24Implementation of mutual recognition agreements
CHAPTER 3Accountability of regulators
FCA and PRA objectives and regulatory principles
25Competitiveness and growth objective
26Competitiveness and growth objective: reporting requirements
27Regulatory principles
28Sections 25 and 27: consequential amendments
FCA and PRA powers to make rules etc
29Review of rules
30Treasury power in relation to rules
31Matters to consider when making rules
32Effect of rules etc on deference decisions
33Effect of rules etc on international trade obligations
34Power to disapply or modify rules
FCA and PRA engagement
35Responses to recommendations of the Treasury
36Public consultation requirements
37Engagement with statutory panels
38Engagement with Parliamentary Committees
39Reporting requirements
Co-operation of FCA and others
40Duty to co-operate and consult in exercising functions
Panels and policy statements
41Listing Authority Advisory Panel
42Insurance Practitioner Panel
43Cost Benefit Analysis Panels
44Statement of policy on cost benefit analyses
45Statement of policy on panel appointments
46Composition of panels
47Panel reports
Bank of England regulatory powers
48Exercise of FMI regulatory powers
49Bank of England: rule-making powers
50Application of FSMA 2000 to FMI functions
Payment Systems Regulator
51Payment Systems Regulator
52Chair of the Payment Systems Regulator as member of FCA Board
Consultation on rules
53Consultation on rules
PART 2Access to cash
54Cash access services
55Wholesale cash distribution
PART 3Performance of functions relating to financial market infrastructure
56Recognised bodies: senior managers and certification
PART 4Central counterparties in financial difficulties
57Central counterparties in financial difficulties
PART 5Insurers in financial difficulties
58Insurers in financial difficulties
PART 6Miscellaneous
Amendments to FSMA 2000
59Application of provisions to regulatory functions under this Act
60Formerly authorised persons
61Control over authorised persons
62Financial services compensation scheme
63The Ombudsman scheme
64Unauthorised co-ownership AIFs
65Power to amend enactments in consequence of rules
66Ambulatory references
67Power to amend or repeal certain provisions of FSMA 2000
68Power under FSMA 2000 to make transitional provisions
69Cryptoassets
Bank of England levy
70Bank of England levy
71Bank of England levy: consequential amendments
Other miscellaneous provisions
72Liability of payment service providers for fraudulent transactions
73Credit unions
74Reinsurance for acts of terrorism
75Banking Act 2009: miscellaneous amendments
76Arrangements for the investigation of complaints
77Politically exposed persons: money laundering and terrorist financing
78Politically exposed persons: review of guidance
79Forest risk commodities: review
PART 7General
80Interpretation
81Pre-commencement consultation
82Financial provision
83Power to make consequential provision
84Regulations
85Extent
86Commencement
87Short title
SCHEDULES
SCHEDULE 1Revocation of assimilated law relating to financial services
PART 1Assimilated direct principal legislation
PART 2Subordinate legislation
PART 3EU tertiary legislation etc
PART 4Primary legislation
PART 5Other EU-derived legislation
SCHEDULE 2Transitional amendments
PART 1Amendments to the Markets in Financial Instruments Regulation
1Introductory
2Transparency requirements for equities
3For Article 4 substitute— Article 4 Waivers for equity instruments...
4After Article 4 insert— Article 4a Suspension of waivers The FCA may direct that a waiver provided for by...
5Omit Article 5 (volume cap mechanism).
6(1) Article 14 (obligation for systematic internalisers to make public...
7Transparency requirements for fixed income instruments and derivatives etc
8Systematic internalisers and other investment firms
9In Article 17a (tick sizes), in the second paragraph, omit...
10For Article 18 substitute— Article 18 Systematic internalisers: pre-trade transparency...
11For Article 21 substitute— Article 21 Investment firms (including systematic...
12Systematic internalisers and other investment firms
13Share trading obligation
14In Article 1(2E), omit “Article 23,”.
15Derivatives trading obligation
16(1) Article 28 (obligation to trade on regulated markets, MTFs...
17After Article 28 insert— Article 28a Suspension or modification of...
18For Article 31 substitute— Article 31 Risk reduction services The FCA may by rules provide for one or more...
19Consequential amendments relating to this Part
20In Article 12(1) after “accordance with” insert “, or with...
21In Article 13(1) after “accordance with” insert “, or with...
22Omit Article 19.
23In Article 26(3), omit “and Article 21(5)(a)”.
24In Article 47(1A)(a), after “Regulation” insert “or in rules made...
25In Article 50B (FCA directions), omit “Article 5, Article 9...
26(1) Article 50C (other FCA directions) is amended as follows....
27(1) Article 50D (FCA rules) is amended as follows.
PART 2Amendments to the European Market Infrastructure Regulation
28Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and...
29After Article 6a insert— Article 6b Risk reduction services The Bank of England may by rules provide for the...
30After Article 84b insert— Article 84c Bank of England rules...
PART 3Amendments to the EU Securitisation Regulation
31Introductory
32STS equivalent non-UK securitisations
33After Article 28 (third party verifying STS compliance) insert— CHAPTER...
34Minor and consequential amendments
35In Article 4 (requirements for securitisation special purpose entities)—
36(1) Article 5 (due-diligence requirements for institutional investors) is amended...
37(1) Article 46 (Treasury review) is amended as follows.
38In Regulation (EU) No 575/2013 of the European Parliament and...
39In Commission Delegated Regulation (EU) 2015/35 of 10 October 2014...
40In Article 11(1) of Regulation (EU) 2017/1131 of the European...
41The Securitisation Regulations 2018 (S.I. 2018/1288) are amended in accordance...
42In regulation 2 (interpretation), in the definition of “SRUP”, in...
43In regulation 4 (designation of competent authorities), in paragraph (1)(b),...
PART 4Amendments to the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017
44Introductory
45Position limits for commodity derivatives
46(1) Regulation 16 (FCA duty to establish position limits) is...
47(1) Regulation 27 (FCA power to require information) is amended...
48(1) Regulation 28 (FCA power to intervene) is amended as...
49In regulation 29 (interpretation of Part 3), in paragraph (2)—...
50Consequential revocations relating to this Part
PART 5Amendments to the Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018
51(1) Regulation 19B of the Central Counterparties (Amendment, etc., and...
PART 6Amendments relating to critical third parties
52The Electronic Money Regulations 2011 (S.I. 2011/99) are amended in...
53In regulation 48 (monitoring and enforcement), after paragraph (1)(a) insert—...
54In regulation 49 (reporting requirements), after paragraph (1) insert—
55In regulation 50 (public censure), after “Regulations” insert “or, in...
56In regulation 51 (financial penalties)— (a) omit “or” at the...
57In regulation 52 (suspending authorisation etc), in paragraph (1) after...
58In regulation 54 (injunctions)— (a) omit “or” at the end...
59In regulation 55 (power to require restitution), in paragraph (1)...
60In regulation 57 (restitution orders), in paragraph (1) after “requirement,”...
61In regulation 58 (complaints), in paragraph (1)—
62In Schedule 3 (application and modification of legislation)—
63The Payment Services Regulations 2017 (S.I. 2017/752) are amended in...
64In regulation 108 (monitoring and enforcement), after paragraph (1)(a) insert—...
65In regulation 109 (reporting requirements), after paragraph (1) insert—
66In regulation 110 (public censure), after “Regulations” insert “or, in...
67In regulation 111 (financial penalties)— (a) omit “or” at the...
68In regulation 113 (injunctions)— (a) omit “or” at the end...
69In regulation 114 (power to require restitution), in paragraph (1)...
70In regulation 116 (restitution orders), in paragraph (1) after “requirement,”...
71In regulation 117 (complaints), in paragraph (1)—
72In Schedule 6 (application and modification of legislation)—
SCHEDULE 3New Schedule 6B to FSMA 2000
SCHEDULE 4FMI Sandboxes
1Participation
2Technology
3Practices
4Financial instruments
5Settlement of payments
6Requirements
7Cooperation
8Transparency and reporting
9Enforcement
SCHEDULE 5Financial promotion: related amendments
1FSMA 2000 is amended as follows.
2In section 1H (further interpretative provisions for sections 1B to...
3In section 25 (contravention of section 21), in subsection (2)(a)...
4In section 55A (application for permission), after subsection (5) insert—...
5(1) Section 55O (imposition of requirements on acquisition of control)...
6In section 55R (persons connected with an applicant), in subsection...
7In section 55U (applications under Part 4A), after subsection (3)...
8In section 55V (determination of applications), in subsection (5)—
9(1) Section 55X (determination of applications: warning notices and decision...
10(1) Section 55Y (exercise of own-initiative power: procedure) is amended...
11(1) Section 55Z (cancellation of Part 4A permission: procedure) is...
12In section 55Z3 (right to refer matters to the Tribunal),...
SCHEDULE 6Digital settlement assets
PART 1Amendments to the Banking Act 2009
1The Banking Act 2009 is amended as follows.
2In the heading to Part 5 (payment systems), after “systems”...
3In section 181 (overview), after “services” insert “, including”.
4(1) Section 182 (interpretation of payment system) is amended as...
5(1) Section 183 (interpretation of other expressions) is amended as...
6In the cross-heading before section 184 (recognition order), after “systems”...
7In the heading to section 184 , after “order” insert...
8In section 184, in subsection (4), after “constituting” insert “or...
9After section 184 insert— Recognition order: DSA service provider (1) The Treasury may by order (“recognition order”) specify a...
10In the heading to section 185 (recognition criteria) after “criteria”...
11After section 185 insert— Recognition criteria: DSA service provider (1) The Treasury may make a recognition order in respect...
12(1) Section 186 (procedure) is amended as follows.
13(1) Section 186A (amendment of recognition order) is amended as...
14(1) Section 187 (de-recognition) is amended as follows.
15(1) Section 188 (principles) is amended as follows.
16In section 189 (codes of practice)— (a) the words after...
17In section 190 (system rules), in subsection (1)(a)—
18After section 190 insert— Service provider rules (1) The Bank of England may require a recognised DSA...
19(1) Section 191 (directions) is amended as follows.
20After section 192 (role of FCA and PRA), insert— Power...
21(1) Section 193 (inspection) is amended as follows.
22(1) Section 194 (inspection: warrant) is amended as follows.
23(1) Section 195 (independent report) is amended as follows.
24In section 196 (compliance failure)— (a) after first “system” insert...
25In section 197 (publication), in subsection (1)—
26In section 198 (penalty), in subsection (1)—
27(1) Section 199 (closure) is amended as follows.
28(1) Section 200 (management disqualification) is amended as follows.
29(1) Section 201 (warning) is amended as follows.
30In section 202 (appeal), in subsection (2)—
31(1) Section 202A (injunctions) is amended as follows.
32In section 203 (fees), in subsection (1)—
33After section 203B (annual report) insert— Policy statement (1) The Bank of England must prepare a statement of...
34(1) Section 204 (information) is amended as follows.
35(1) Section 205 (pretending to be recognised) is amended as...
36(1) Section 206 (saving for informal oversight) is amended as...
37(1) Section 206A (services forming part of recognised payment systems)...
38After section 206A insert— Service providers connected with a recognised...
39In section 259 (statutory instruments), in the Table in subsection...
PART 2Amendments to the Financial Services (Banking Reform) Act 2013
40The Financial Services (Banking Reform) Act 2013 is amended as...
41(1) Section 41 (meaning of payment system) is amended as...
42(1) Section 42 (participants in payment systems) is amended as...
43In section 98 (duty of regulators to ensure co-ordinated exercise...
44In section 110 (interpretation of Part), at the appropriate place...
45In section 112 (interpretation: infrastructure companies), after subsection (2)(a) insert—...
46In section 113 (interpretation: other expressions), in subsection (1) at...
47(1) Section 115 (objective of FMI administration) is amended as...
48In section 143 (Parliamentary control of orders and regulations), after...
SCHEDULE 7Accountability of the Payment Systems Regulator
1The Financial Services (Banking Reform) Act 2013 is amended as...
2In section 39 (overview)— (a) after subsection (11) insert—
3In section 53 (regulatory principles), in paragraph (c) at the...
4After section 102 (power of PRA to require Regulator to...
5Before section 103 (regulator’s general duty to consult) insert (under...
6In section 104 (consultation in relation to generally applicable requirements)—...
7After section 104 insert— Requirements in connection with public consultations...
8After section 107 insert— International trade obligations (1) This section applies where it appears to the Payment...
9In section 110(1) (interpretation), at the appropriate place insert— “generally...
10In section 143 (orders and regulations: Parliamentary control), in subsection...
11In Schedule 4 (the Payment Systems Regulator), after paragraph 7(2)(b)...
12In Schedule 4, after paragraph 7 insert— Other reports (1) The Treasury may (subject to this paragraph) at any...
13In Schedule 4, after paragraph 14 insert— Engagement with Parliamentary...
SCHEDULE 8Cash access services
PART 1New Part 8B of FSMA 2000
1After Part 8A of FSMA 2000 (short selling) insert— PART...
PART 2Consequential amendments to FSMA 2000
2FSMA 2000 is amended as follows.
3In section 3D (duty of FCA and PRA to ensure...
4In section 55H (variation by FCA at request of authorised...
5In section 55L (imposition of requirements by FCA), in subsection...
6In section 55T (persons whose interests are protected), after “operational...
7In section 232A (ombudsman scheme operator’s duty to provide information...
8In section 395 (the FCA’s and PRA’s procedures), in subsection...
9In section 429 (Parliamentary control of statutory instruments), in subsection...
SCHEDULE 9Wholesale cash distribution
PART 1New Part 5A of the Banking Act 2009
1After Part 5 of the Banking Act 2009 (payment systems)...
PART 2Amendments to Part 6 of the Financial Services (Banking Reform) Act 2013
2Part 6 of the Financial Services (Banking Reform) Act 2013...
3In section 111 (financial market infrastructure administration), in the heading,...
4(1) Section 112 (interpretation: infrastructure companies) is amended as follows....
5In section 113 (interpretation: other expressions), in subsection (1)—
6In section 115 (objective of FMI administration), after subsection (1A)...
7In section 119 (continuity of supply), in subsection (6), in...
8In section 120 (power to direct FMI administrator), in subsection...
9In section 127 (interpretation of Part), in subsection (1), at...
PART 3Consequential amendments
10Banking Act 2009
11In section 259 (statutory instruments), in subsection (3), in the...
12In section 261 (index of defined terms)—
13Financial Services Act 2012
14(1) Section 85 (relevant functions in relation to complaints scheme)...
15(1) Section 110 (payment to Treasury of penalties received by...
16Financial Services (Banking Reform) Act 2013
SCHEDULE 10Performance of functions relating to financial market infrastructure
PART 1New Chapter 2A of Part 18 of FSMA 2000
1In Part 18 of FSMA 2000 (recognised investment exchanges, clearing...
PART 2Related amendments
2Amendments to FSMA 2000
3(1) Section 56 (prohibition orders) is amended as follows—
4(1) Section 57 (prohibition orders: procedure and right to refer...
5In section 59AB(1) (specifying functions as controlled functions: transitional provision),...
6In section 133(7A) (proceedings before Tribunal: general provision), after paragraph...
7In section 138A (modification or waiver of rules), in subsection...
8(1) Section 168 (appointment of persons to carry out investigations...
9In the heading of Chapter 3B of Part 18, at...
10Section 312FA is omitted.
11In section 313 (interpretation of Part 18), in subsection (1)—...
12(1) Section 347 (the record of authorised persons etc) is...
13In section 391 (publication of notices), in subsection (1ZB), after...
14(1) Section 392 (application of sections 393 and 394) is...
15In section 395 (the FCA’s and PRA’s procedures), in subsection...
16(1) Section 417(1) (interpretation) is amended as follows.
17In section 429 (Parliamentary control of statutory instruments)
18(1) Schedule 1ZA (the Financial Conduct Authority) is amended as...
19In Schedule 2A (Gibraltar-based persons carrying on activities in the...
20(1) Schedule 17A (further provision in relation to exercise of...
21Financial Services Act 2012
SCHEDULE 11Central counterparties
PART 1Introductory
1Overview
PART 2Pre-resolution powers of the Bank of England
2Removal of impediments to the exercise of stabilisation powers etc
3Safeguards relating to directions under paragraph 2
PART 3Resolution plans
4Resolution plans
PART 4Removal of directors and senior managers
5Removal of directors and senior managers
6Temporary manager
7Paragraphs 5 and 6: conditions
8Temporary manager: further provisions in relation to the appointment
9Temporary manager: instrument of appointment
10Right to refer matters to the Tribunal
11Removal of directors and senior managers and appointment of temporary manager: procedure
12Removal of directors and senior managers and appointment of temporary manager: notice requirements
13Temporary restriction on remuneration
14Restriction on remuneration: review and revocation
PART 5Special resolution action
15Special resolution objectives
16Code of Practice
17General conditions
18Effect on other group members
19Specific conditions: financial assistance cases
20Resolution liaison panel
21Restrictions on use of certain resolution powers
22Pre-resolution valuation
23Replacement of Bank’s provisional valuation
24Independent valuer: valuation under paragraph 22 or 23
25Independent valuer: supplemental
26Consequences of a replacement valuation
27Private sector purchaser
28Private sector purchaser: marketing
29Bridge central counterparty
30Transfer of ownership
31Tear-up power
32Cash call power
33Power to reduce variation margin payments
34Write-down power
35Powers in relation to securities
36Report on provisions in write-down instrument
37Priority between creditors
38Power to take control
39Shadow directors etc
40Interpretation: “securities”
41Share transfer instrument
42Effect
43Continuity
44Conversion and delisting
45Directors and senior managers
46Ancillary instruments: production, registration, etc
47Incidental provision
48Procedure: instruments
49Supplemental instruments
50Onward transfer
51Reverse share transfer
52Bridge central counterparties: share transfers
53Bridge central counterparties: reverse share transfer
54Property transfer instrument
55Effect
56Transferable property
57Continuity
58Directors and senior managers
59Recognised central counterparty rules
60Recognised central counterparty membership
61Licences
62Foreign property
63Incidental provision
64Procedure
65Property transfer instrument: delisting
66Transfer of property subsequent to resolution instrument
67Supplemental instruments
68Private sector purchaser: reverse property transfer
69Onward transfer
70Bridge central counterparties: reverse property transfer
71Transfer of ownership and private sector purchaser: property transfer
72Transfer of ownership: reverse property transfer
73Bridge central counterparty: supplemental property transfer powers
74Bridge central counterparty: supplemental reverse property transfer powers
75Restriction of partial transfers
76Power to protect certain interests
77Creation of liabilities
78Regulations for safeguarding certain financial arrangements: write-down instruments
79Resolution instruments: effect and supplementary matters
80Write-down instruments: supplementary
81Resolution instruments: procedure
82Supplemental resolution instruments
83Directors and senior managers
84Termination rights etc
85Deferment
86Recovery of expenses
87Compensation scheme
88Instruments: notification of members and creditors
89General continuity obligation: property transfers
90Special continuity obligations: property transfers
91Continuity obligations: onward property transfers
92General continuity obligation: share transfers
93Special continuity obligations: share transfers
94Continuity obligations: onward share transfers
95Continuity obligations: consideration and terms
96Continuity obligations: termination
97Suspension of obligations
98Restriction of security interests
99Suspension of termination rights
100Suspension: general provision
101Stay on terminating membership
102Restriction on remuneration
103Pensions
104Disputes
105Tax
106Stay or sist of legal proceedings
107Insolvency proceedings
108Recognition of transferee company
109International obligation notice: general
110International obligation notice: bridge central counterparty
111Public funds: general
112Public funds: bridge central counterparty
113Private sector purchaser: report
114Bridge central counterparty: report
115Resolution instruments: report
116Transfer of ownership: report
117Sale to commercial purchaser, transfer to bridge central counterparty and transfer of ownership: conditions for group companies
118Paragraph 117: supplemental
PART 6Information, investigation and enforcement
119Information
120Reports by skilled persons
121Appointment of persons to carry out general investigations
122Appointment of person to carry out investigations in particular cases
123Investigations etc in support of foreign resolution authorities
124Investigations: general
125Powers of persons appointed under paragraph 121
126Powers of persons appointed as a result of paragraph 122
127Admissibility of statements made to investigators
128Information and documents: supplemental provision
129Protected items
130Entry of premises under warrant
131Retention of documents obtained under paragraph 130
132Offences etc
133Prosecution of offences under paragraph 132
134Offences under paragraph 132 by bodies corporate etc
135Injunctions to prevent failure to comply with relevant requirement
136Regulatory sanctions
137Determination of sanctions
138Procedure: warning notice
139Procedure: decision notice
140Procedure: general
141Appeals
142Injunctions: failure to comply with certain paragraph 136 sanctions
143Publication
144Co-operation
PART 7Third-country resolution actions
145Third-country resolution actions
146Effects of recognition on third-country resolution action
147Third-country instruments: supplementary provision
PART 8General
148Information
149Restrictions on disclosure of confidential information
150Remedies on judicial review
151Giving of notices, documents etc under this Schedule
152“Financial assistance”
153Modifications to the law
154Interpretation
155Recognised central counterparty
156Interpretation: “CCP group company”, etc
PART 9Treasury support for CCPs
157Consolidated Fund
158National Loans Fund
PART 10Consequential etc provision
159Bank of England Act 1998
160Financial Services and Markets Act 2000
161Companies Act 2006
162Banking Act 2009
163Financial Services Act 2012
164Financial Services (Banking Reform) Act 2013
165Modified application of corporate law to CCPs in resolution
SCHEDULE 12Write-down orders
PART 1Write-down orders: main provisions
1(1) Part 24 of FSMA 2000 (insolvency) is amended as...
PART 2The manager of a write-down order
2After Schedule 19 to FSMA 2000 (competition information), insert— SCHEDULE...
PART 3Further provision about write-down orders
3After Schedule 19A to FSMA 2000 (the manager of a...
PART 4Write-down orders: financial services compensation scheme
4Part 15 of FSMA 2000 (the Financial Services Compensation Scheme)...
5After section 217 (insurers in financial difficulties) insert— Insurers subject...
6In section 219 (scheme manager’s power to require information), in...
7After section 220 (scheme manager’s power to inspect information held...
PART 5Consequential amendments
8FSMA 2000
9(1) Section 348 (restrictions on disclosure of confidential information by...
10In section 429 (Parliamentary control of statutory instruments), in subsection...
11In Schedule 1ZB (the PRA), in paragraph 33(2) (exemption from...
12Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
SCHEDULE 13Insurers in financial difficulties: enforcement of contracts
PART 1New Schedule 19C to FSMA 2000
1(1) Part 24 of FSMA 2000 (insolvency) is amended as...
PART 2Consequential amendments
2In section 429 of FSMA 2000 (Parliamentary control of statutory...
SCHEDULE 14Credit unions
1Introductory
2Specified financial activities
3After section 1 insert— Specified financial activities (1) The financial activities specified for the purposes of the...
4In section 2 (supplementary and transitional provisions as to registration),...
5Shares
6Ancillary services
7Loans
8Conditional sale and hire purchase agreements
9Insurance distribution activities
10Minor and consequential amendments
11In section 23A (power to make provision corresponding to provision...
12In section 29 (orders and regulations), in subsection (2) for...
13(1) Section 31 (interpretation, etc.) is amended as follows.
14In Schedule 1 (matters to be provided for in rules...
15Transitional provision
16The amendment made by paragraph 13(4)(b) does not apply in...

Financial Services and Markets Act 2023

2023 Chapter 29

An Act to make provision about the regulation of financial services and markets; and for connected purposes.

Be it enacted by the King’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—