50 Application of FSMA 2000 to FMI functions
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

50  Application of FSMA 2000 to FMI functions

(1)     FSMA 2000 is amended as follows.

(2)     In section 285A (powers exercisable in relation to recognised bodies)—

(a)     in the title at the end insert “etc”;

(b)     in subsection (3), at the end of paragraph (b) insert “or as a consequence of conferring other FMI functions on the Bank”.

(3)     In section 313(1) (interpretation of Part 18), insert at the appropriate place—

““FMI functions”, in relation to the Bank of England, has the meaning given by section 30D(3) of the Bank of England Act 1998;”.

(4)     Schedule 17A to FSMA 2000 (further provision in relation to exercise of Bank of England functions under Part 18 of that Act) is amended as follows.

(5)     In the title to the Schedule, after “functions” insert “, or other FMI functions,”.

(6)     After paragraph 9 insert—

“Public consultations

9A

(1)     Section 1RB (requirements in connection with public consultations) applies in relation to the Bank but as if, in subsection (4), after “proposals” there were inserted “in connection with the carrying on by the Bank of its FMI functions.

(2)     For this purpose, paragraph 9(2)(a) does not apply so far as relating to

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