Schedule 10, paragraph 4

In Schedule 1ZA to FSMA 2000 (the Financial Conduct Authority), paragraph 20 (penalties) is amended as follows. In sub-paragraph (3)(b), after “this Act” insert “ or under a provision mentioned in sub-paragraph (4A) ”. In sub-paragraph (4), after paragraph (c) insert— its powers under the relevant competition provisions (as applied by Part 16A of this Act), After sub-paragraph (4) insert— The relevant competition provisions” are— section 31E of the Competition Act 1998 (enforcement of commitments); section 34 of that Act (enforcement of directions); section 36 of that Act (penalties); section 40A of that Act (penalties: failure to comply with requirements); section 174A of the Enterprise Act 2002 (penalties). In sub-paragraph (5)— in paragraph (a), for “FSMA 2000” substitute “ this Act ”, in paragraph (b), for “that Act” substitute “ this Act ”, in paragraph (c), omit “of that Act”, and after paragraph (c) insert— offences under Part 1 of the Competition Act 1998, offences under Part 4 of the Enterprise Act 2002,

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Source: legislation.gov.uk · retrieved 2026-09-04