Financial Services and Markets Act 2023 (c. 29)

SCHEDULES

SCHEDULE 9 U.K. Wholesale cash distribution

PART 3 U.K. Consequential amendments

Financial Services Act 2012 U.K.

15 (1) Section 110 (payment to Treasury of penalties received by Bank of England) is amended as follows.

(2) In subsection (2), in paragraph (b), for “section 198” substitute “sections 198 and 206T”.

(3) In subsection (5)—

(a) omit the “and” at the end of paragraph (c);

(b) at the end of paragraph (d) insert “, and

(e) sections 206S to 206V and 206Y of that Act (wholesale cash distribution).”

Commencement Information

I1 Sch. 9 para. 15 in force at 29.8.2023, see s. 86(2)(d)