Section 1(5)

In section 2J of FSMA 2000 (interpretation of Chapter 2 of Part 1)— in subsection (3), for “a PRA-authorised” substitute “ an authorised ”, after that subsection insert— For the purposes of this Chapter, the cases in which a person (“P”) other than an authorised person is to be regarded as failing include any case where P enters insolvency. in subsection (4), for “subsection (3)(a)” substitute “ subsections (3)(a) and (3A) ”.

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