Part 6: Miscellaneous Amendments to FSMA 2000 Section 60: Formerly authorised persons
This section amends FSMA 2000 to ensure that the regulators can use their existing powers in sections 168, 205, and 206 and 384 of FSMA 2000 in relation to formerly authorised persons.
	Subsection (2) amends section 404C of FSMA 2000 to ensure that it is consistent with new section 415AA.
	Subsection (3) inserts new section 415AA into FSMA 2000, which provides that a power in section 168, 205, 206 or 384 of FSMA 2000 may be exercised in relation to persons who were at any time authorised persons (in addition to persons who are authorised persons at the time when the power is exercised). Section 415AA(2) provides that references to "authorised person" in sections 168, 205, 206 to 209 and 384 are to be read as including a person who is no longer authorised.
	Subsection (4) provides that the amendments made by this section have effect only in relation to persons who cease to be authorised persons on or after the day on which this Act is introduced.