2 Modification of objectives of Financial Conduct Authority
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

2  Modification of objectives of Financial Conduct Authority

After section 1I of FSMA 2000 insert—

“Modifications applying if core activity not regulated by PRA

1IA Modifications applying if core activity not regulated by PRA

(1)     If and so long as any regulated activity is a core activity (see section 142B) without also being a PRA-regulated activity (see section 22A), the provisions of this Chapter are to have effect subject to the following modifications.

(2)     Section 1B is to have effect as if—

(a)     in subsection (3),

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