Introductory text

This draft Statutory Instrument supersedes the draft of the same title which was laid before Parliament and published on 26th January 2015 (ISBN 978-0-11-112782-7). It is being issued free of charge to all known recipients of that draft Statutory Instrument.

Draft Order laid before Parliament under section 429(1) and (4) of, and paragraph 26(2) of Schedule 2 to, the Financial Services and Markets Act 2000, for approval by resolution of each House of Parliament.

Financial Services And Markets

Made ***

Coming into force ***

In accordance with section 429(1) and (4)(d)^f1 of, and paragraph 26(2) of Schedule 2^f2 to, the Financial Services and Markets Act 2000 a draft of this Order has been laid before Parliament and approved by a resolution of each House of Parliament.

In the opinion of the Treasury, one of the effects of the proposed Order would be that an activity which is not a regulated activity would become a regulated activity.

The Treasury, in exercise of the powers conferred by sections 21(5) and (9), 22(1), (1A) and (5) and 55C of the Financial Services and Markets Act 2000^f3, make the following Order.

Annotations

Footnotes

f1: Section 429 was amended by section 49(1) and (2) of the Financial Services Act 2012. There are other amendments to section 429, but none are relevant.
f2: Paragraph 26 was substituted by section 8, Financial Services Act 2012.
f3: 2000 c. 8. Section 55C was inserted by section 11(2) of the Financial Services Act 2012 (c. 21).