31 Matters to consider when making rules
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

31  Matters to consider when making rules

(1)     FSMA 2000 is amended as follows.

(2)     Before section 138F (under the italic heading “Procedural provisions”) insert—

“138EA Matters to consider when making rules

(1)     This section applies where either regulator proposes to make rules.

(2)     The regulator must have regard to any specified matters that are relevant to the making of the rules in question.

(3)     “Specified” means specified in regulations made by the Treasury for the purposes of this section.

(4)     The specification of a matter for the purposes of this section may apply generally to the making of rules or be limited in whatever way the Treasury consider appropriate, including by reference to—

(a)     the power under which the rules are made;

(b)     the persons to whom the rules apply;

(c)     the activities or subject-matter to which

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