Part 1: Regulatory Framework Designated activities regime Section 8: Designated activities New section 71N: Designated activity: rules
This section governs the making of designated activity rules by the FCA.
	Subsection (1) enables the FCA to make rules relating to any and all designated activities which are designated through designated activity regulations.
	Subsection (2) states that subsection (1) only applies to the extent to which this is provided for in HM Treasury’s designated activities regulations.
	Subsection (3) gives the FCA the ability to suspend designated activity rules for any length of time it considers appropriate.
	Subsection (4) allows the FCA to modify or waive designated activity rules where the FCA considers it appropriate.
	Subsection (5) states that the FCA can only suspend, modify or waive designated activity rules under subsections 3 or 4 under circumstances specified by HM Treasury in secondary legislation.
	Subsection (6) requires the FCA to consult with the PRA before suspending any rules.
	Subsection (7) states that the FCA must bring any suspension of designated activity rules under subsection (3) to the attention of those impacted by the relevant rules.
	Subsection (8) states that the reference to "authorised persons" in section 138T(a) of FSMA 2000 should also be read as relating to persons subject to designated activities rules. This has the effect of meaning that the FCA’s designated activities rules can make different provision for different types of persons, activities, or investment. Section 138T(b) and Section 138(c) apply automatically to designated activities rules, as they apply to all regulator rule-making under FSMA 2000, including designated activities rules.