Introductory text

Draft Order laid before Parliament under paragraph 26 of Schedule 2 to the Financial Services and Markets Act 2000 and paragraph 2(2) of Schedule 2 to the European Communities Act 1972, for approval by resolution of each House of Parliament.

Financial Services And Markets

Made ***

Coming into force in accordance with article 1

The Treasury are a government department designated for the purpose of section 2(2) of the European Communities Act 1972 in relation to financial services^f1.

In accordance with paragraph 26 of Schedule 2 to the Financial Services and Markets Act 2000^f2 and paragraph 2(2) of Schedule 2 to the European Communities Act 1972, a draft of this Order has been laid before Parliament and approved by a resolution of each House.

The Treasury are of the opinion that 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 22(1), (1A) and (5) and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 2000^f3 and section 2(2) of the European Communities Act 1972^f4, make the following Order:

Annotations

Footnotes

f1: S.I. 2012/1759.
f2: 2000 c.8. Paragraph 26 of Schedule 2 was substituted by section 8 of the Financial Services Act 2012 (c.21)
f3: Section 22 was amended by section 7 of the Financial Services Act 2012.
f4: 1972 c. 68. Amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51) and the Schedule to the European Union (Amendment) Act 2008 (c.7).