SCHEDULES

SCHEDULE 18Further minor and consequential amendments

PART 1Amendments of FSMA 2000

I121

1

Section 405 (directions) is amended as follows.

2

In subsection (1)—

a

for “Authority” substitute “ appropriate regulator ”,

b

in paragraph (a), for “Part IV” substitute “ Part 4A ”, and

c

in paragraphs (c) and (d), for “notice of control” substitute “ section 178 notice ”.

3

In subsection (2)(b), for “notices of control” substitute “ section 178 notices ”.

4

After subsection (4) insert—

4A

The appropriate regulator”—

a

for the purposes of subsection (1)(a) and (b), is the regulator to which the application for permission under Part 4A is made;

b

for the purposes of subsection (1)(c) and (d), is the appropriate regulator as defined in section 178(2A).

4B

“Section 178 notice” means a notice given under section 178.