On November 5, 2015, HM Treasury published the Financial Services and Markets Act 2000 (Misconduct and Appropriate Regulator) Order 2015 which amends the Financial Services and Markets Act 2000. The Order, amongst other things, grants the FCA with disciplinary powers over individuals working in financial services firms, and when there has been a breach of the Alternative Investment Fund Managers Regulations 2013 by a firm. The Order enters into force on March 7, 2016 (excluding Articles 2 and 3(4) of the Order which enter into force on March 7, 2017).

The Order and Explanatory Note are available at: http://www.legislation.gov.uk/uksi/2015/1864/contents/made.