This note is not part of the regulations, but is intended to indicate their general effect.
The amendment in regulation 5(3) clarifies that fees calculated on an hourly basis for work done by the Financial Markets Authority will take into account work carried out by professionally qualified contractors and secondees as well as employees (see regulations 3 to 5 of the principal regulations).
These regulations also replace references to the Securities Trustees and Statutory Supervisors Act 2011 with references to the Financial Markets Supervisors Act 2011 (to reflect the change to the title of that Act).
Date of notification in Gazette: 19 November 2015.
These regulations are administered by the Ministry of Business, Innovation, and Employment.