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SCHEDULE 2Amendments of subordinate legislation

The Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010

187.  In the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010(1)—

(a)in regulation 7 (publication of specified information)—

(i)in paragraph (2)—

(aa)at the end of sub-paragraph (a), insert “or”;

(bb)omit sub-paragraph (b);

(cc)for “Financial Services Authority” substitute “the relevant regulator”;

(ii)after paragraph (2) insert—

(3) In this regulation, “the relevant regulator” means—

(a)in relation to a person who has, or who has applied for, permission under Part 4A of the Financial Services and Markets Act 2000 to carry on a PRA-regulated activity (within the meaning of that Act), the Financial Conduct Authority and the Prudential Regulation Authority;

(b)in any other case, the Financial Conduct Authority.;

(b)in the Schedule (persons to whom the Bank of England may disclose specified information for specified purposes), for “section 15 of the Financial Services and Markets Act 2000 (power to appoint a person to hold an inquiry)”, substitute “section 68 of the Financial Services Act 2012 (cases in which Treasury may arrange independent inquiries)”.