Part 4 Disciplinary Measures

Part 4 Disciplinary Measures

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In Part 14 (disciplinary measures), before section 205 insert—

“204A Meaning of “relevant requirement†and “appropriate regulatorâ€

(1)     The following definitions apply for the purposes of this Part.

(2)     “Relevant requirement†means a requirement imposed—

(a)     by or under this Act, or

(b)     by a qualifying EU provision specified, or of a description specified, for the purposes of this subsection by the Treasury by order.

(3)     The PRA is “the appropriate regulator†in the case of a contravention of—

(a)     a requirement that is imposed under any provision of this Act by the PRA;

(b)     a requirement under section 56(6) where the authorised person concerned is a PRA-authorised person and the prohibition order concerned is made by the PRA;

(c)     a requirement under section 59(1) or (2) where the authorised person concerned is a PRA-authorised person and the approval concerned falls to be given by the PRA.

(4)     In the case of a contravention of a requirement that is

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