SCHEDULE 5 Financial Promotion: Related Amendments
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

SCHEDULE 5 Financial Promotion: Related Amendments

Section 20

1

FSMA 2000 is amended as follows.

2

In section 1H (further interpretative provisions for sections 1B to 1G), in subsection (2)(c) after “invitations†insert “or inducementsâ€.

3

In section 25 (contravention of section 21), in subsection (2)(a) after “section 21†insert “in accordance with subsection (2A) of that sectionâ€.

4

In section 55A (application for permission), after subsection (5) insert—

“(6)     References in this section to permission under this Part do not include references to permission under section 55NA.â€

5

(1)     Section 55O (imposition of requirements on acquisition of control) is amended as follows.

(2)     In subsection (1)(b), after “power†insert “or (as the case may be) the power under section 55NA(5)(b)â€.

(3)     In subsection (2)(a) for “or 55M†substitute “, 55M or 55NAâ€.

(4)     In subsection (3),

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