Part 2: Financial Services Section 21: Extension of relevant authorised persons regime to all authorised persons
This section introduces Schedule 4, which makes provision to extend the regime which regulates the conduct of people working in banks and certain investment firms (described in FSMA as "relevant authorised persons") to cover those working in any institution which is authorised to carry out regulated activities under FSMA.
	Paragraphs 2 and 4 to 20 remove references to "relevant authorised persons" and replace them with references to all authorised persons.
	Paragraph 3 inserts the definition of "designated senior management functions" into a new section.
	Paragraph 21 makes a consequential amendment to section 429 of FSMA.
	Paragraph 22 makes consequential amendments to the 2013 Act.