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Financial Services Act 2012

Financial Services Act 2012 Sch 5 para 12

Sch 5 para 12

(1) Section 64 (conduct of approved persons: statement and codes) is amended as follows. (2) In subsection (2)— (a) for “the Authority” substitute “ a regulator ” , and (b) after “subsection (1)” insert “ or (1A) ” . (3) In subsection (3)(a) to (c), for “Authority” substitute “ regulator issuing the code ” . (4) In subsection (4)— (a) for “The Authority” substitute “ A regulator ” , and (b) after “issued” insert “ by it ” . (5) In subsection (5)— (a) after “replaced” insert “ by a regulator ” , and (b) for “Authority” substitute “ regulator ” . (6) In subsection (6)— (a) for “the Authority”, in the first place, substitute “ the regulator that issued it ” , and (b) for “the Authority”, in the second place, substitute “ that regulator ” . (7) In subsection (10), for “The Authority” substitute “ A regulator ” . (8) In subsection (11), for paragraph (b) substitute— (b) is to be treated for the purposes of section 1B(6)(a) as part of the FCA's rule-making functions (where the power is exercisable by the FCA) and is to be treated for the purposes of section 2J(1)(a) as part of the PRA's rule-making functions (where the power is exercisable by the PRA). (9) In subsection (12)— (a) for “The Authority” substitute “ A regulator ” , and (b) after “published” insert “ by it ” . (10) For subsection (13) substitute— (13) Any expression which is used both in this section and section 59 has the same meaning in this section as in that section.

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