48 Interpretation of FSMA 2000

48  Interpretation of FSMA 2000

(1)     In section 417 of FSMA 2000 (definitions), in subsection (1)—

(a)     omit the definition of “the Authority”,

(b)     in the definition of “control of information rules” for “section 147(1)” substitute “section 137P”,

(c)     after that definition insert—

““credit-related regulated activity” has the meaning given in section 23(1B);”,

(d)     after the definition of “exempt person” insert—

““the FCA” means the Financial Conduct Authority;”,

(e)     in the definition of “financial promotion rules” for “section 145” substitute “section 137R”,

(f)     for the definition of “general rules” substitute—

““general rules”—

(a)     in relation to the FCA,

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