Statutory Instruments
Financial Services And Markets
Made
4th June 2014
The Treasury makes the following Order in exercise of the powers conferred by section 122(3) and (4) of the Financial Services Act 2012(1).
1. (1) This Order may be cited as the Financial Services Act 2012 (Commencement No. 4) Order 2014.
(2) In this Order-
"the Act" means the Banking Act 2009(2); and
"group companies" means banking group companies within the meaning given by section 81D of the Act(3).
2. 5th June 2014 is the appointed day for the coming into force of the following provisions of the Financial Services Act 2012 for the purpose of making orders or regulations-
(a)section 100(1);
(b)section 100(5) so far as it inserts-
(i)section 81C(2) of the Act, but only for the purpose of enabling the power conferred by section 47 of the Act to be exercised in relation to group companies;
(ii)section 81D of the Act;
(c)section 100(6) and (7);
(d)section 101(1);
(e)section 101(5) so far as it inserts section 89A(1) of the Act, but only for the purpose of enabling the powers conferred by sections 47, 60 and 81D(1) of the Act to be exercised in relation to-
(i)investment firms;
(ii)companies in the same group as an investment firm which are group companies;
(f)section 101(7), (8) and (9);
(g)section 102(1); and
(h)section 102(6) so far as it inserts-
(i)section 89B(1) of the Act(4), but only for the purpose of enabling the powers conferred by sections 47, 48 and 81D(1) of the Act to be exercised in relation to-
(aa)recognised central counterparties;
(bb)companies in the same group as a recognised central counterparty which are group companies;
(ii)section 89G of the Act(5).
David Evennett
Anne Milton
Two of the Lords Commissioners of Her Majesty's Treasury
4th June 2014
(This note is not part of the Order)
This Order brings into force sections 100, 101 and 102 of the Financial Services Act 2012 (c.21) ("the Act") on 5th June 2014 for the purposes of making orders or regulations. This is the fourth commencement order to be made under the Act.
This Order will have no effect on the costs of business and the voluntary sector independent of the provision this Order brings into force. For that reason, no impact assessment has been produced for this instrument.
(This note is not part of the Order)
Provision | Date of Commencement | S.I. No. |
---|---|---|
Sections 1, 4, 5 and 6 (partly) | 19.02.2013 | S.I. 2013/113 |
Sections 4 and 6 (partly) | 24.01.2013 | S.I. 2013/113 |
Sections 1 to 6 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Sections 7, 8 and 9 | 24.01.2013 | S.I. 2013/113 |
Sections 10 to 48 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Sections 11, 12, 14, 15, 16, 18, 19, 24, 27, 29, 30, 33, 35, 37, 38, 39, 40, 41, 42, 43 and 45 (partly) | 24.01.2013 | S.I. 2013/113 |
Sections 17, 18 and 39 (partly) | 19.03.2013 | S.I. 2013/651 |
Paragraphs (d), (j) and (n) of subsection (1), and subsections (2) and (3) of section 48 | 24.01.2013 | S.I. 2013/113 |
Sections 49 and 50 to 52 | 24.01.2013 | S.I. 2013/113 |
Sections 53 to 56 | 01.04.2013 | S.I. 2013/423 |
Sections 57 and 64 | 24.01.2013 | S.I. 2013/113 |
Sections 58 to 63 | 01.04.2013 | S.I. 2013/423 |
Sections 65 and 66 (partly) | 24.01.2013 | S.I. 2013/113 |
Sections 65 and 66 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Section 67 | 24.01.2013 | S.I. 2013/113 |
Sections 68 to 82 | 01.04.2013 | S.I. 2013/423 |
Section 80 (partly) | 24.01.2013 | S.I. 2013/113 |
Section 83 | 24.01.2013 | S.I. 2013/113 |
Sections 84 to 87 (partly) | 24.01.2013 | S.I. 2013/113 |
Sections 84 to 87 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Sections 88 to 92 | 24.01.2013 | S.I. 2013/113 |
Sections 93 and 94 | 24.01.2013 | S.I. 2013/113 |
Sections 95, 97 and 103 to 107 | 01.04.2013 | S.I. 2013/423 |
Sections 110 and 112 (partly) | 24.01.2013 | S.I. 2013/113 |
Sections 110 and 112 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Section 111 | 01.04.2013 | S.I. 2013/423 |
Section 114 (partly) | 24.01.2013 | S.I. 2013/113 |
Section 114 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Section 119(1) and (2) | 24.01.2013 | S.I. 2013/113 |
Schedules 1 to 19 (so far as not already in force) | 01.04.2013 | S.I. 2013/423 |
Schedule 4 (partly) | 27.02.2013 | S.I. 2013/423 |
Schedule 7 (partly) | 24.01.2013 | S.I. 2013/113 |
Schedules 20 and 21 | 24.01.2013 | S.I. 2013/113 |
Section 81D is inserted by the Financial Services Act 2012, section 100(5).
Section 89B was amended by S.I. 2013/504.
Section 89G was amended by S.I. 2013/504.