Part 6: Miscellaneous Amendments to FSMA 2000 Section 66: Ambulatory references
This section enables the PRA, the FCA, and HM Treasury to make "ambulatory" references to domestic legislation and regulator rules respectively. This means that such references would not need to be updated if the rules or legislation they refer to change over time.
	Subsection (2) amends section 137T of FSMA 2000. When the PRA and the FCA make rules, this section enables them to make provisions that a reference to legislation is ambulatory. This means that it would refer to the current version of the legislation rather than the legislation at the point at which the rule is made.
	Subsection (3) fulfils a similar function for regulations made under FSMA 2000. This means that where HM Treasury makes secondary legislation, that legislation can refer to the current version of the rules, rather than the rules at the point at which the legislation is made. Subsection 3(b) clarifies that this includes rules made by the Bank of England.