Clause 15
Amendment of section 125
of Financial Institutions (Miscellaneous Amendments) Bill
BillNot in forceProvision 14 of 111
Clause 15
In the Financial Advisers Act 2001, in section 125, after subsection (1), insert —“(1A) The Authority may, under subsection (1), reprimand a person who has ceased to be a relevant person, if the person was a relevant person at the time of the misconduct.”.