Introductory text

Draft Order laid before Parliament under paragraphs 2(2) and 2A of Schedule 2 to the European Communities Act 1972, for approval by resolution of each House of Parliament.

Financial Services

Made ***

Coming into force in accordance with Article 1

In the opinion of the Treasury, one of the effects of the following order is that an activity which is not a regulated activity (within the meaning of the Financial Services and Markets Act 2000^f1) will become a regulated activity.

The Treasury are a government department designated^f2 for the purposes of section 2(2) of the European Communities Act 1972^f3 in relation to measures relating to the operation of regulated markets and clearing or settlement systems and in relation to insider dealing and market manipulation.

A draft of this Order was laid before Parliament, and approved by a resolution of each House of Parliament, in accordance with paragraphs 2(2) and 2A^f4 of Schedule 2 to the European Communities Act 1972.

The Treasury, in exercise of the powers conferred upon them by section 2(2) of the European Communities Act 1972, and sections 22(1) and (5), 426 and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 2000, make the following Order.

Annotations

Footnotes

f1: 2000 c.8.
f2: S.I. 1993/2661; S.I. 2004/2642.
f3: 1972 c. 68. Section 2(2) of and Schedule 2 to the 1972 Act were amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51); and by section 3 of and the Schedule to the European Union (Amendment) Act 2008 (c. 7).
f4: Paragraph 2A was inserted by the Legislative and Regulatory Reform Act 2006, section 33.