Schedule 2, Part 1, paragraph 27

Article 50D (FCA rules) is amended as follows. In paragraph 1— for “Article 46(6B) or 48A” substitute “this Regulation”; for “modification in paragraph 3” substitute “modifications in paragraphs 2A and 3”. In paragraph 2(b) after “damages)” insert “and section 138EA (matters to consider when making rules)”. After paragraph 2 insert— In its application to rules made under Article 31, section 138I has effect as if the reference to the PRA in subsection (1)(a) were a reference to the Bank of England. In paragraph 3, for the words after “authorised persons” substitute “included a reference to persons who are not authorised persons but to whom any of the rules made by the FCA under this Regulation apply”.

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