10 Independent review of proprietary trading
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

10  Independent review of proprietary trading

(1)     The Treasury must, after receiving the report of the PRA under section 9 but before the end of the initial period, appoint one or more persons (“the review panel”) to carry out a review of proprietary trading engaged in (whether or not as a regulated activity) by relevant authorised persons.

(2)     The initial period is the period of 2 years beginning with the first day on which section 142G of FSMA 2000 is fully in force.

(3)     The members of the review panel must be persons—

(a)     who appear to the Treasury to be independent of the PRA, the FCA, the

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