Introductory text

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

Financial Services And Markets

Made ***

Coming into force ***

The Treasury, in exercise of the powers conferred by section 71A(4) and section 428(3) of the Financial Services and Markets Act 2000^f1, section 146 of the Financial Services (Banking Reform) Act 2013^f2, and section 28(2)(a) of the Small Business, Enterprise and Employment Act 2015^f3 make the following Order.

In accordance with section 71A(5) of the Financial Services and Markets Act 2000 the Treasury has consulted the Financial Conduct Authority, the Prudential Regulation Authority, organisations that appeared to the Treasury to be representative of interests substantially affected by this Order and other organisations that the Treasury considered appropriate to consult.

In accordance with section 429(1) of that Act^f4, a draft of this Order has been laid before Parliament and approved by a resolution of each House of Parliament.

Annotations

Footnotes

f1: 2000 c.8. Section 71A was inserted by section 33 of the Financial Services (Banking Reform) Act 2013 (c. 33) (the “2013 Act”).
f2: 2013 c.33.
f3: 2015 c. 26.
f4: Section 429(1) was amended by section 136 of the 2013 Act. There are other amendments but none are relevant to this Order.