[143Q Assets requirements]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[143Q  Assets requirements]

[(1)     This section makes provision about a requirement imposed on a non-authorised parent undertaking of an FCA investment firm (“N”) under section 143K—

(a)     prohibiting the disposal of, or other dealing with, any of N's assets (whether in the United Kingdom or elsewhere) or restricting such disposals or dealings, or

(b)     requiring that some or all of N's assets, or some or all assets belonging to consumers (as defined in section 1G) but held by N or to N's order, must be transferred to and held by a trustee approved by the FCA.

(2)     If the FCA—

(a)     imposes a requirement described in subsection (1)(a), and

(b)     gives notice of the requirement to an institution with whom

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