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ARRANGEMENT OF SECTIONS
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PART I
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THE
REGULATOR
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Section
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1.
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The
Financial Services Authority.
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The
Authority's general duties
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2.
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The
Authority's general duties.
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The regulatory objectives
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3.
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Market
confidence.
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4.
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Public
awareness.
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5.
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The
protection of consumers.
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6.
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The
reduction of financial crime.
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Corporate governance
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7.
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Duty
of Authority to follow principles of good
governance.
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Arrangements for consulting
practitioners and consumers
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8.
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The
Authority's general duty to consult.
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9.
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The
Practitioner Panel.
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10.
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The
Consumer Panel.
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11.
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Duty
to consider representations by the Panels.
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Reviews
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12.
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Reviews.
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13.
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Right
to obtain documents and information.
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Inquiries
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14.
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Cases
in which the Treasury may arrange
independent inquiries.
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15.
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Power
to appoint person to hold an inquiry.
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16.
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Powers
of appointed person and procedure.
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17.
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Conclusion
of inquiry.
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18.
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Obstruction
and contempt.
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PART II
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REGULATED
AND PROHIBITED ACTIVITIES
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The
general prohibition
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19.
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The
general prohibition.
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Requirement for permission
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20.
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Authorised
persons acting without permission.
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Financial promotion
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21.
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Restrictions
on financial promotion.
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Regulated activities
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22.
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The
classes of activity and categories of
investment.
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Offences
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23.
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Contravention
of the general prohibition.
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24.
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False
claims to be authorised or exempt.
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25.
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Contravention
of section 21.
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Enforceability of agreements
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26.
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Agreements
made by unauthorised persons.
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27.
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Agreements
made through unauthorised persons.
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28.
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Agreements
made unenforceable by section 26 or 27.
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29.
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Accepting
deposits in breach of general prohibition.
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30.
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Enforceability
of agreements resulting from unlawful
communications.
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PART III
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AUTHORISATION
AND EXEMPTION
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Authorisation
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31.
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Authorised
persons.
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32.
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Partnerships
and unincorporated associations.
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Ending of authorisation
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33.
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Withdrawal
of authorisation by the Authority.
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34.
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EEA
firms.
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35.
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Treaty
firms.
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36.
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Persons
authorised as a result of paragraph 1(1)
of Schedule 5.
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Exercise of EEA rights by UK firms
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37.
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Exercise
of EEA rights by UK firms.
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Exemption
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38.
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Exemption
orders.
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39.
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Exemption
of appointed representatives.
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PART IV
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PERMISSION
TO CARRY ON REGULATED ACTIVITIES
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Application
for permission
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40.
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Application
for permission.
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41.
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The
threshold conditions.
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Permission
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42.
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Giving
permission.
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43.
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Imposition
of requirements.
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Variation and cancellation of Part IV
permission
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44.
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Variation
etc. at request of authorised person.
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45.
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Variation
etc. on the Authority's own initiative.
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46.
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Variation
of permission on acquisition of control.
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47.
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Exercise
of power in support of overseas regulator.
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48.
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Prohibitions
and restrictions.
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Connected persons
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49.
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Persons
connected with an applicant.
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Additional permissions
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50.
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Authority's
duty to consider other permissions etc.
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Procedure
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51.
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Applications
under this Part.
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52.
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Determination
of applications.
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53.
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Exercise
of own-initiative power: procedure.
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54.
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Cancellation
of Part IV permission: procedure.
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References to the Tribunal
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55.
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Right
to refer matters to the Tribunal.
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PART V
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PERFORMANCE
OF REGULATED ACTIVITIES
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Prohibition
orders
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56.
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Prohibition
orders.
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57.
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Prohibition
orders: procedure and right to refer to
Tribunal.
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58.
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Applications
relating to prohibitions: procedure and
right to refer to Tribunal.
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Approval
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59.
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Approval
for particular arrangements.
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60.
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Applications
for approval.
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61.
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Determination
of applications.
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62.
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Applications
for approval: procedure and right to refer
to Tribunal.
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63.
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Withdrawal
of approval.
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Conduct
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64.
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Conduct:
statements and codes.
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65.
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Statements
and codes: procedure.
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66.
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Disciplinary
powers.
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67.
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Disciplinary
measures: procedure and right to refer to
Tribunal.
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68.
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Publication.
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69.
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Statement
of policy.
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70.
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Statements
of policy: procedure.
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Breach of statutory duty
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71.
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Actions
for damages.
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PART VI
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OFFICIAL
LISTING
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The
competent authority
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72.
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The
competent authority.
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73.
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General
duty of the competent authority.
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The official list
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74.
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The
official list.
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Listing
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75.
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Applications
for listing.
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76.
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Decision
on application.
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77.
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Discontinuance
and suspension of listing.
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78.
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Discontinuance
or suspension: procedure.
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Listing particulars
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79.
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Listing
particulars and other documents.
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80.
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General
duty of disclosure in listing particulars.
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81.
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Supplementary
listing particulars.
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82.
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Exemptions
from disclosure.
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83.
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Registration
of listing particulars.
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Prospectuses
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84.
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Prospectuses.
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85.
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Publication
of prospectus.
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86.
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Application
of this Part to prospectuses.
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87.
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Approval
of prospectus where no application for
listing.
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Sponsors
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88.
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Sponsors.
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89.
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Public
censure of sponsor.
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Compensation
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90.
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Compensation
for false or misleading particulars.
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Penalties
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91.
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Penalties
for breach of listing rules.
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92.
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Procedure.
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93.
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Statement
of policy.
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94.
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Statements
of policy: procedure.
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Competition
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95.
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Competition
scrutiny.
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Miscellaneous
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96.
|
Obligations
of issuers of listed securities.
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97.
|
Appointment
by competent authority of persons to carry
out investigations.
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98.
|
Advertisements
etc. in connection with listing
applications.
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99.
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Fees.
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100.
|
Penalties.
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101.
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Listing
rules: general provisions.
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102.
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Exemption
from liability in damages.
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103.
|
Interpretation
of this Part.
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PART VII
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CONTROL
OF BUSINESS TRANSFERS
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104.
|
Control
of business transfers.
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105.
|
Insurance
business transfer schemes.
|
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106.
|
Banking
business transfer schemes.
|
|
107.
|
Application
for order sanctioning transfer scheme.
|
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108.
|
Requirements
on applicants.
|
|
109.
|
Scheme
reports.
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|
110.
|
Right
to participate in proceedings.
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111.
|
Sanction
of the court for business transfer
schemes.
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|
112.
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Effect
of order sanctioning business transfer
scheme.
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|
113.
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Appointment
of actuary in relation to reduction of
benefits.
|
|
114.
|
Rights
of certain policyholders.
|
|
Business transfers outside the United
Kingdom
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115.
|
Certificates
for purposes of insurance business
transfers overseas.
|
|
116.
|
Effect
of insurance business transfers authorised
in other EEA States.
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Modifications
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117.
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Power
to modify this Part.
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PART VIII
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PENALTIES
FOR MARKET ABUSE
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Market
abuse
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118.
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Market
abuse.
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The code
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119.
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The
Code.
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120.
|
Provisions
included in the Authority's code by
reference to the City Code.
|
|
121.
|
Codes:
procedure.
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122.
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Effect
of the code.
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Power to impose penalties
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123.
|
Power
to impose penalties in cases of market
abuse.
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Statement of policy
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124.
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Statement
of policy.
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125.
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Statement
of policy: procedure.
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Procedure
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126.
|
Warning
notices.
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127.
|
Decision
notices and right to refer to Tribunal.
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|
Miscellaneous
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128.
|
Suspension
of investigations.
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129.
|
Power
of court to impose penalty in cases of
market abuse.
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130.
|
Guidance.
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131.
|
Effect
on transactions.
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PART IX
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HEARINGS
AND APPEALS
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132.
|
The
Financial Services and Markets Tribunal.
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133.
|
Proceedings:
general provision.
|
|
Legal assistance before the Tribunal
|
|
134.
|
Legal
assistance scheme.
|
|
135.
|
Provisions
of the legal assistance scheme.
|
|
136.
|
Funding
of the legal assistance scheme.
|
|
Appeals
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|
137.
|
Appeal
on a point of law.
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PART X
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|
RULES
AND GUIDANCE
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|
CHAPTER
I
|
|
RULE-MAKING
POWERS
|
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138.
|
General
rule-making power.
|
|
139.
|
Miscellaneous
ancillary matters.
|
|
140.
|
Restriction
on managers of authorised unit trust
schemes.
|
|
141.
|
Insurance
business rules.
|
|
142.
|
Insurance
business: regulations supplementing
Authority's rules.
|
|
143.
|
Endorsement
of codes etc.
|
|
Specific rules
|
|
144.
|
Price
stabilising rules.
|
|
145.
|
Financial
promotion rules.
|
|
146.
|
Money
laundering rules.
|
|
147.
|
Control
of information rules.
|
|
Modification or waiver
|
|
148.
|
Modification
or waiver of rules.
|
|
Contravention of rules
|
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149.
|
Evidential
provisions.
|
|
150.
|
Actions
for damages.
|
|
151.
|
Limits
on effect of contravening rules.
|
|
Procedural provisions
|
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152.
|
Notification
of rules to the Treasury.
|
|
153.
|
Rule-making
instruments.
|
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154.
|
Verification
of rules.
|
|
155.
|
Consultation.
|
|
156.
|
General
supplementary powers.
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|
CHAPTER II
|
|
GUIDANCE
|
|
157.
|
Guidance.
|
|
158.
|
Notification
of guidance to the Treasury.
|
|
CHAPTER III
|
|
COMPETITION
SCRUTINY
|
|
159.
|
Interpretation.
|
|
160.
|
Reports
by Director General of Fair Trading.
|
|
161.
|
Power
of Director to request information.
|
|
162.
|
Consideration
by Competition Commission.
|
|
163.
|
Role
of the Treasury.
|
|
164.
|
The
Competition Act 1998.
|
|
PART XI
|
|
INFORMATION
GATHERING AND INVESTIGATIONS
|
|
Powers
to gather information
|
|
165.
|
Authority's
power to require information.
|
|
166.
|
Reports
by skilled persons.
|
|
Appointment of investigators
|
|
167.
|
Appointment
of persons to carry out general
investigations.
|
|
168.
|
Appointment
of persons to carry out investigations in
particular cases.
|
|
Assistance to overseas regulators
|
|
169.
|
Investigations
etc. in support of overseas regulator.
|
|
Conduct of investigations
|
|
170.
|
Investigations:
general.
|
|
171.
|
Powers
of persons appointed under section 167.
|
|
172.
|
Additional
power of persons appointed as a result of
section 168(1) or (4).
|
|
173.
|
Powers
of persons appointed as a result of
section 168(2).
|
|
174.
|
Admissibility
of statements made to investigators.
|
|
175.
|
Information
and documents: supplemental provisions.
|
|
176.
|
Entry
of premises under warrant.
|
|
Offences
|
|
177.
|
Offences.
|
|
PART XII
|
|
CONTROL
OVER AUTHORISED PERSONS
|
|
Notice
of control
|
|
178.
|
Obligation
to notify the Authority.
|
|
Acquiring, increasing and reducing
control
|
|
179.
|
Acquiring
control.
|
|
180.
|
Increasing
control.
|
|
181.
|
Reducing
control.
|
|
Acquiring or increasing control:
procedure
|
|
182.
|
Notification.
|
|
183.
|
Duty
of Authority in relation to notice of
control.
|
|
184.
|
Approval
of acquisition of control.
|
|
185.
|
Conditions
attached to approval.
|
|
186.
|
Objection
to acquisition of control.
|
|
187.
|
Objection
to existing control.
|
|
188.
|
Notices
of objection under section 187: procedure.
|
|
Improperly acquired shares
|
|
189.
|
Improperly
acquired shares.
|
|
Reducing control: procedure
|
|
190.
|
Notification.
|
|
Offences
|
|
191.
|
Offences
under this Part.
|
|
Miscellaneous
|
|
192.
|
Power
to change definitions of control etc.
|
|
PART XIII
|
|
INCOMING
FIRMS: INTERVENTION BY AUTHORITY
|
|
Interpretation
|
|
193.
|
Interpretation
of this Part.
|
|
194.
|
General
grounds on which power of intervention is
exercisable.
|
|
195.
|
Exercise
of power in support of overseas regulator.
|
|
196.
|
The
power of intervention.
|
|
Exercise of power of intervention
|
|
197.
|
Procedure
on exercise of power of intervention.
|
|
198.
|
Power
to apply to court for injunction in
respect of certain overseas insurance
companies.
|
|
199.
|
Additional
procedure for EEA firms in certain cases.
|
|
Supplemental
|
|
200.
|
Rescission
and variation of requirements.
|
|
201.
|
Effect
of certain requirements on other persons.
|
|
202.
|
Contravention
of requirement imposed under this Part.
|
|
Powers of Director General of Fair
Trading
|
|
203.
|
Power
to prohibit the carrying on of Consumer
Credit Act business.
|
|
204.
|
Power
to restrict the carrying on of Consumer
Credit Act business.
|
|
PART XIV
|
|
DISCIPLINARY
MEASURES
|
|
205.
|
Public
censure.
|
|
206.
|
Financial
penalties.
|
|
207.
|
Proposal
to take disciplinary measures.
|
|
208.
|
Decision
notice.
|
|
209.
|
Publication.
|
|
210.
|
Statements
of policy.
|
|
211.
|
Statements
of policy: procedure.
|
|
PART XV
|
|
THE
FINANCIAL SERVICES COMPENSATION SCHEME
|
|
The
scheme manager
|
|
212.
|
The
scheme manager.
|
|
The scheme
|
|
213.
|
The
compensation scheme.
|
|
Provisions of the scheme
|
|
214.
|
General.
|
|
215.
|
Rights
of the scheme in relevant person's
insolvency.
|
|
216.
|
Continuity
of long-term insurance policies.
|
|
217.
|
Insurers
in financial difficulties.
|
|
Annual report
|
|
218.
|
Annual
report.
|
|
Information and documents
|
|
219.
|
Scheme
manager's power to require information.
|
|
220.
|
Scheme
manager's power to inspect information
held by liquidator etc.
|
|
221.
|
Powers
of court where information required.
|
|
Miscellaneous
|
|
222.
|
Statutory
immunity.
|
|
223.
|
Management
expenses.
|
|
224.
|
Scheme
manager's power to inspect documents held
by Official Receiver etc.
|
|
PART XVI
|
|
THE
OMBUDSMAN SCHEME
|
|
The
scheme
|
|
225.
|
The
scheme and the scheme operator.
|
|
226.
|
Compulsory
jurisdiction.
|
|
227.
|
Voluntary
jurisdiction.
|
|
Determination of complaints
|
|
228.
|
Determination
under the compulsory jurisdiction.
|
|
229.
|
Awards.
|
|
230.
|
Costs.
|
|
Information
|
|
231.
|
Ombudsman's
power to require information.
|
|
232.
|
Powers
of court where information required.
|
|
233.
|
Data
protection.
|
|
Funding
|
|
234.
|
Industry
funding.
|
|
PART XVII
|
|
COLLECTIVE
INVESTMENT SCHEMES
|
|
CHAPTER
I
|
|
INTERPRETATION
|
|
235.
|
Collective
investment schemes.
|
|
236.
|
Open-ended
investment companies.
|
|
237.
|
Other
definitions.
|
|
CHAPTER II
|
|
RESTRICTIONS
ON PROMOTION
|
|
238.
|
Restrictions
on promotion.
|
|
239.
|
Single
property schemes.
|
|
240.
|
Restriction
on approval of promotion.
|
|
241.
|
Actions
for damages.
|
|
CHAPTER III
|
|
AUTHORISED
UNIT TRUST SCHEMES
|
|
Applications
for authorisation
|
|
242.
|
Applications
for authorisation of unit trust schemes.
|
|
243.
|
Authorisation
orders.
|
|
244.
|
Determination
of applications.
|
|
Applications refused
|
|
245.
|
Procedure
when refusing an application.
|
|
Certificates
|
|
246.
|
Certificates.
|
|
Rules
|
|
247.
|
Trust
scheme rules.
|
|
248.
|
Scheme
particulars rules.
|
|
249.
|
Disqualification
of auditor for breach of trust scheme
rules.
|
|
250.
|
Modification
or waiver of rules.
|
|
Alterations
|
|
251.
|
Alteration
of schemes and changes of manager or
trustee.
|
|
252.
|
Procedure
when refusing approval of change of
manager or trustee.
|
|
Exclusion clauses
|
|
253.
|
Avoidance
of exclusion clauses.
|
|
Ending of authorisation
|
|
254.
|
Revocation
of authorisation order otherwise than by
consent.
|
|
255.
|
Procedure.
|
|
256.
|
Requests
for revocation of authorisation order.
|
|
Powers of intervention
|
|
257.
|
Directions.
|
|
258.
|
Applications
to the court.
|
|
259.
|
Procedure
on giving directions under section 257 and
varying them on Authority's own
initiative.
|
|
260.
|
Procedure:
refusal to revoke or vary direction.
|
|
261.
|
Procedure:
revocation of direction and grant of
request for variation.
|
|
CHAPTER IV
|
|
OPEN-ENDED
INVESTMENT COMPANIES
|
|
262.
|
Open-ended
investment companies.
|
|
263.
|
Amendment
of section 716 Companies Act 1985.
|
|
CHAPTER V
|
|
RECOGNISED
OVERSEAS SCHEMES
|
|
Schemes
constituted in other EEA States
|
|
264.
|
Schemes
constituted in other EEA States.
|
|
265.
|
Representations
and references to the Tribunal.
|
|
266.
|
Disapplication
of rules.
|
|
267.
|
Power
of Authority to suspend promotion of
scheme.
|
|
268.
|
Procedure
on giving directions under section 267 and
varying them on Authority's own
initiative.
|
|
269.
|
Procedure
on application for variation or revocation
of direction.
|
|
Schemes authorised in designated
countries or territories
|
|
270.
|
Schemes
authorised in designated countries or
territories.
|
|
271.
|
Procedure.
|
|
Individually recognised overseas
schemes
|
|
272.
|
Individually
recognised overseas schemes.
|
|
273.
|
Matters
that may be taken into account.
|
|
274.
|
Applications
for recognition of individual schemes.
|
|
275.
|
Determination
of applications.
|
|
276.
|
Procedure
when refusing an application.
|
|
277.
|
Alteration
of schemes and changes of operator,
trustee or depositary.
|
|
Schemes recognised under sections 270
and 272
|
|
278.
|
Rules
as to scheme particulars.
|
|
279.
|
Revocation
of recognition.
|
|
280.
|
Procedure.
|
|
281.
|
Directions.
|
|
282.
|
Procedure
on giving directions under section 281 and
varying them otherwise than as requested.
|
|
Facilities and information in UK
|
|
283.
|
Facilities
and information in UK.
|
|
CHAPTER VI
|
|
INVESTIGATIONS
|
|
284.
|
Power
to investigate.
|
|
PART XVIII
|
|
RECOGNISED
INVESTMENT EXCHANGES AND CLEARING HOUSES
|
|
CHAPTER
I
|
|
EXEMPTION
|
|
General
|
|
285.
|
Exemption
for recognised investment exchanges and
clearing houses.
|
|
286.
|
Qualification
for recognition.
|
|
Applications for recognition
|
|
287.
|
Application
by an investment exchange.
|
|
288.
|
Application
by a clearing house.
|
|
289.
|
Applications:
supplementary.
|
|
290.
|
Recognition
orders.
|
|
291.
|
Liability
in relation to recognised body's
regulatory functions.
|
|
292.
|
Overseas
investment exchanges and overseas clearing
houses.
|
|
Supervision
|
|
293.
|
Notification
requirements.
|
|
294.
|
Modification
or waiver of rules.
|
|
295.
|
Notification:
overseas investment exchanges and overseas
clearing houses.
|
|
296.
|
Authority's
power to give directions.
|
|
297.
|
Revoking
recognition.
|
|
298.
|
Directions
and revocation: procedure.
|
|
299.
|
Complaints
about recognised bodies.
|
|
300.
|
Extension
of functions of Tribunal.
|
|
Other matters
|
|
301.
|
Supervision
of certain contracts.
|
|
CHAPTER II
|
|
COMPETITION
SCRUTINY
|
|
|
|
302.
|
Interpretation.
|
|
Role
of Director General of Fair Trading
|
|
303.
|
Initial
report by Director.
|
|
304.
|
Further
reports by Director.
|
|
305.
|
Investigations
by Director.
|
|
Role of Competition Commission
|
|
306.
|
Consideration
by Competition Commission.
|
|
Role of the Treasury
|
|
307.
|
Recognition
orders: role of the Treasury.
|
|
308.
|
Directions
by the Treasury.
|
|
309.
|
Statements
by the Treasury.
|
|
310.
|
Procedure
on exercise of certain powers by the
Treasury.
|
|
CHAPTER III
|
|
EXCLUSION
FROM THE COMPETITION ACT 1998
|
|
311.
|
The
Chapter I prohibition.
|
|
312.
|
The
Chapter II prohibition.
|
|
CHAPTER IV
|
|
Interpretation
|
|
313.
|
Interpretation
of Part XVIII.
|
|
PART XIX
|
|
LLOYD'S
|
|
General
|
|
314.
|
Authority's
general duty.
|
|
The Society
|
|
315.
|
The
Society: authorisation and permission.
|
|
Power to apply Act to Lloyd's
underwriting
|
|
316.
|
Direction
by Authority.
|
|
317.
|
The
core provisions.
|
|
318.
|
Exercise
of powers through Council.
|
|
319.
|
Consultation.
|
|
Former underwriting members
|
|
320.
|
Former
underwriting members.
|
|
321.
|
Requirements
imposed under section 320.
|
|
322.
|
Rules
applicable to former underwriting members.
|
|
Transfers of business done at Lloyd's
|
|
323.
|
Transfer
schemes.
|
|
Supplemental
|
|
324.
|
Interpretation
of this Part.
|
|
PART XX
|
|
PROVISION
OF FINANCIAL SERVICES BY MEMBERS OF THE
PROFESSIONS
|
|
325.
|
Authority's
general duty.
|
|
326.
|
Designation
of professional bodies.
|
|
327.
|
Exemption
from the general prohibition.
|
|
328.
|
Directions
in relation to the general prohibition.
|
|
329.
|
Orders
in relation to the general prohibition.
|
|
330.
|
Consultation.
|
|
331.
|
Procedure
on making or varying orders under section
329.
|
|
332.
|
Rules
in relation to persons to whom the general
prohibition does not apply.
|
|
333.
|
False
claims to be a person to whom the general
prohibition does not apply.
|
|
PART XXI
|
|
MUTUAL
SOCIETIES
|
|
Friendly
societies
|
|
334.
|
The
Friendly Societies Commission.
|
|
335.
|
The
Registry of Friendly Societies.
|
|
Building societies
|
|
336.
|
The
Building Societies Commission.
|
|
337.
|
The
Building Societies Investor Protection
Board.
|
|
Industrial and provident societies and
credit unions
|
|
338.
|
Industrial
and provident societies and credit unions.
|
|
Supplemental
|
|
339.
|
Supplemental
provisions.
|
|
PART XXII
|
|
AUDITORS
AND ACTUARIES
|
|
Appointment
|
|
340.
|
Appointment.
|
|
Information
|
|
341.
|
Access
to books etc.
|
|
342.
|
Information
given by auditor or actuary to the
Authority.
|
|
343.
|
Information
given by auditor or actuary to the
Authority: persons with close links.
|
|
344.
|
Duty
of auditor or actuary resigning etc. to
give notice.
|
|
Disqualification
|
|
345.
|
Disqualification.
|
|
Offence
|
|
346.
|
Provision
of false or misleading information to
auditor or actuary.
|
|
PART XXIII
|
|
PUBLIC
RECORD, DISCLOSURE OF INFORMATION AND
CO-OPERATION
|
|
The
public record
|
|
347.
|
The
record of authorised persons etc.
|
|
Disclosure of information
|
|
348.
|
Restrictions
on disclosure of confidential information
by Authority etc.
|
|
349.
|
Exceptions
from section 348.
|
|
350.
|
Disclosure
of information by the Inland Revenue.
|
|
351.
|
Competition
information.
|
|
352.
|
Offences.
|
|
353.
|
Removal
of other restrictions on disclosure.
|
|
Co-operation
|
|
354.
|
Authority's
duty to co-operate with others.
|
|
PART XXIV
|
|
INSOLVENCY
|
|
Interpretation
|
|
355.
|
Interpretation
of this Part.
|
|
Voluntary arrangements
|
|
356.
|
Authority's
powers to participate in proceedings:
company voluntary arrangements.
|
|
357.
|
Authority's
powers to participate in proceedings:
individual voluntary arrangements.
|
|
358.
|
Authority's
powers to participate in proceedings:
trust deeds for creditors in Scotland.
|
|
Administration orders
|
|
359.
|
Petitions.
|
|
360.
|
Insurers.
|
|
361.
|
Administrator's
duty to report to Authority.
|
|
362.
|
Authority's
powers to participate in proceedings.
|
|
Receivership
|
|
363.
|
Authority's
powers to participate in proceedings.
|
|
364.
|
Receiver's
duty to report to Authority.
|
|
Voluntary winding up
|
|
365.
|
Authority's
powers to participate in proceedings.
|
|
366.
|
Insurers
effecting or carrying out long-term
contracts of insurance.
|
|
Winding up by the court
|
|
367.
|
Winding-up
petitions.
|
|
368.
|
Winding-up
petitions: EEA and Treaty firms.
|
|
369.
|
Insurers:
service of petition etc. on Authority.
|
|
370.
|
Liquidator's
duty to report to Authority.
|
|
371.
|
Authority's
powers to participate in proceedings.
|
|
Bankruptcy
|
|
372.
|
Petitions.
|
|
373.
|
Insolvency
practitioner's duty to report to
Authority.
|
|
374.
|
Authority's
powers to participate in proceedings.
|
|
Provisions against debt avoidance
|
|
375.
|
Authority's
right to apply for an order.
|
|
Supplemental provisions concerning
insurers
|
|
376.
|
Continuation
of contracts of long-term insurance where
insurer in liquidation.
|
|
377.
|
Reducing
the value of contracts instead of winding
up.
|
|
378.
|
Treatment
of assets on winding up.
|
|
379.
|
Winding-up
rules.
|
|
PART XXV
|
|
INJUNCTIONS
AND RESTITUTION
|
|
Injunctions
|
|
380.
|
Injunctions.
|
|
381.
|
Injunctions
in cases of market abuse.
|
|
Restitution orders
|
|
382.
|
Restitution
orders.
|
|
383.
|
Restitution
orders in cases of market abuse.
|
|
Restitution required by Authority
|
|
384.
|
Power
of Authority to require restitution.
|
|
385.
|
Warning
notices.
|
|
386.
|
Decision
notices.
|
|
PART XXVI
|
|
NOTICES
|
|
Warning
notices
|
|
387.
|
Warning
notices.
|
|
Decision notices
|
|
388.
|
Decision
notices.
|
|
Conclusion of proceedings
|
|
389.
|
Notices
of discontinuance.
|
|
390.
|
Final
notices.
|
|
Publication
|
|
391.
|
Publication.
|
|
Third party rights and access to
evidence
|
|
392.
|
Application
of sections 393 and 394.
|
|
393.
|
Third
party rights.
|
|
394.
|
Access
to Authority material.
|
|
The Authority's procedures
|
|
395.
|
The
Authority's procedures.
|
|
396.
|
Statements
under section 395: consultation.
|
|
PART XXVII
|
|
OFFENCES
|
|
Miscellaneous
offences
|
|
397.
|
Misleading
statements and practices.
|
|
398.
|
Misleading
the Authority: residual cases.
|
|
399.
|
Misleading
the Director General of Fair Trading.
|
|
Bodies corporate and partnerships
|
|
400.
|
Offences
by bodies corporate etc.
|
|
Institution of proceedings
|
|
401.
|
Proceedings
for offences.
|
|
402.
|
Power
of the Authority to institute proceedings
for certain other offences.
|
|
403.
|
Jurisdiction
and procedure in respect of offences.
|
|
PART XXVIII
|
|
MISCELLANEOUS
|
|
Schemes
for reviewing past business
|
|
404.
|
Schemes
for reviewing past business.
|
|
Third countries
|
|
405.
|
Directions.
|
|
406.
|
Interpretation
of section 405.
|
|
407.
|
Consequences
of a direction under section 405.
|
|
408.
|
EFTA
firms.
|
|
409.
|
Gibraltar.
|
|
International obligations
|
|
410.
|
International
obligations.
|
|
Tax treatment of levies and repayments
|
|
411.
|
Tax
treatment of levies and repayments.
|
|
Gaming contracts
|
|
412.
|
Gaming
contracts.
|
|
Limitation on powers to require
documents
|
|
413.
|
Protected
items.
|
|
Service of notices
|
|
414.
|
Service
of notices.
|
|
Jurisdiction
|
|
415.
|
Jurisdiction
in civil proceedings.
|
|
Removal of certain unnecessary
provisions
|
|
416.
|
Provisions
relating to industrial assurance and
certain other enactments.
|
|
PART XXIX
|
|
INTERPRETATION
|
|
417.
|
Definitions.
|
|
418.
|
Carrying
on regulated activities in the United
Kingdom.
|
|
419.
|
Carrying
on regulated activities by way of
business.
|
|
420.
|
Parent
and subsidiary undertaking.
|
|
421.
|
Group.
|
|
422.
|
Controller.
|
|
423.
|
Manager.
|
|
424.
|
Insurance.
|
|
425.
|
Expressions
relating to authorisation elsewhere in the
single market.
|
|
PART XXX
|
|
SUPPLEMENTAL
|
|
426.
|
Consequential
and supplementary provision.
|
|
427.
|
Transitional
provisions.
|
|
428.
|
Regulations
and orders.
|
|
429.
|
Parliamentary
control of statutory instruments.
|
|
430.
|
Extent.
|
|
431.
|
Commencement.
|
|
432.
|
Minor
and consequential amendments, transitional
provisions and repeals.
|
|
433.
|
Short
title.
|
|
|
|