As last captured

Financial Services and Markets Act 2023 · PART 6 Information, investigation and enforcement

140 Procedure: general

Sch. 11 para. 140 · in force: yes

Captured statutory text (L5)

140 Procedure: general

(1)Sections 389, 390 and 392 to 394 of FSMA 2000 apply in relation to a warning notice given under paragraph 138, a decision notice given under paragraph 139 and the Bank as they apply in relation to a warning notice or decision notice given under that Act and the regulator which gave that notice, subject to sub-paragraphs (2) to (4).
(2)Section 389 of that Act has effect as if subsection (2) were omitted.
(3)Section 390 has effect as if—
(a)in subsection (2A), in paragraph (a), for “133(6)(b)” there were substituted “133(5)(b)”,
(b)in that paragraph, for “133(6)” there were substituted “133(5)”,
(c)for subsection (4) there were substituted—
(4)A final notice about a direction under paragraph 136(1)(c) or (3)(c) of Schedule 11 to the Financial Services and Markets Act 2023 or a prohibition under paragraph 136(1)(d) of that Schedule must—
(a)specify the conduct to which the direction relates or the extent of the prohibition, and
(b)give details of the date on which the direction or prohibition has effect.
(4)Section 392 has effect as if for paragraphs (a) and (b) there were substituted—
(a)a warning notice given under paragraph 138 of Schedule 11 to the Financial Services and Markets Act 2023;
(b)a decision notice given under paragraph 139 of Schedule 11 to the Financial Services and Markets Act 2023.
Full captured verbatim text
(1) Sections 389, 390 and 392 to 394 of FSMA 2000 apply in relation to a warning notice given under paragraph 138, a decision notice given under paragraph 139 and the Bank as they apply in relation to a warning notice or decision notice given under that Act and the regulator which gave that notice, subject to sub-paragraphs (2) to (4).

(2) Section 389 of that Act has effect as if subsection (2) were omitted.

(3) Section 390 has effect as if—

(a) in subsection (2A), in paragraph (a), for “133(6)(b)” there were substituted “133(5)(b)”,

(b) in that paragraph, for “133(6)” there were substituted “133(5)”,

(c) for subsection (4) there were substituted—

(4) A final notice about a direction under paragraph 136(1)(c) or (3)(c) of Schedule 11 to the Financial Services and Markets Act 2023 or a prohibition under paragraph 136(1)(d) of that Schedule must—

(a) specify the conduct to which the direction relates or the extent of the prohibition, and

(b) give details of the date on which the direction or prohibition has effect.

(4) Section 392 has effect as if for paragraphs (a) and (b) there were substituted—

(a) a warning notice given under paragraph 138 of Schedule 11 to the Financial Services and Markets Act 2023;

(b) a decision notice given under paragraph 139 of Schedule 11 to the Financial Services and Markets Act 2023.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Provisions of FSMA 2000 apply with modifications to warning, decision, and final notices issued under Schedule 11.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

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Referred to by

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Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (537)

synthesis coverage: missing/unverified L2 part-1-chapter-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-2

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synthesis coverage: missing evaluation uk:ukpga/2023/29#section-7

synthesis coverage: missing/unverified L2 part-1-chapter-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-12

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synthesis coverage: missing/unverified L2 part-1-chapter-2

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synthesis coverage: missing evaluation uk:ukpga/2023/29#section-25

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synthesis coverage: missing evaluation uk:ukpga/2023/29#section-48

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synthesis coverage: missing/unverified L2 part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-54

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-55

synthesis coverage: missing/unverified L2 part-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-56

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synthesis coverage: missing/unverified L2 part-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-59

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synthesis coverage: missing/unverified L2 part-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-80

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-81

synthesis coverage: missing evaluation uk:ukpga/2023/29#section-82

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synthesis coverage: missing/unverified L2 schedule-2-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-2-paragraph-1

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-2-paragraph-27

synthesis coverage: missing/unverified L2 schedule-2-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-2-paragraph-28

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synthesis coverage: missing/unverified L2 schedule-2-part-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-2-paragraph-31

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-2-paragraph-32

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synthesis coverage: missing/unverified L2 schedule-2-part-5

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synthesis coverage: missing/unverified L2 schedule-2-part-6

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-2-paragraph-53

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synthesis coverage: missing/unverified L2 schedule-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-4-paragraph-1

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synthesis coverage: missing/unverified L2 schedule-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-5-paragraph-1

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-5-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-5-paragraph-12

synthesis coverage: missing/unverified L2 schedule-6-part-1

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-16

Instrument tier unavailable

Change history as published

No captured publisher history.

Pending effects amendments not yet applied to this text

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(b) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(c) · Effective date unknown

Sch. 1 Pt. 5 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(d)(i) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026 reg. 2(a) · Effective date unknown · s. 1

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Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026 reg. 2(b) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(b) · Effective date unknown

Sch. 1 Pt. 2 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(c) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(d) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(b) Sch. Pt. 1 · Effective date unknown

Sch. 1 Pt. 2 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(c) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(d) Sch. Pt. 2 · Effective date unknown

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument
uk:ukpga/2023/29
Part
PART 6 Information, investigation and enforcement
Version
86372fb4e615f9918e757dfa…
Content hash
sha256 a22f61899a89bdb6b8c1720c…
Source
legislation.gov.uk/ukpga/2023/29