Introductory text
Draft Order laid before Parliament under section 142Z(2)(a) of the Financial Services and Markets Act 2000, for approval by resolution of each House of Parliament.
Banks And Banking
Made ***
Coming into force 31st October 2018
The Treasury make the following Order in exercise of the power conferred by section 142B(2) of the Financial Services and Markets Act 2000f1 and being of the opinion, in connection with the exercise of that power, that it is not necessary, for either of the purposes set out in section 142B(4) of that Act, that the regulated activity of accepting deposits should be a core activity when carried on in the circumstances specified in this Order.
A draft of this Order has been laid before Parliament and approved by resolution of each House of Parliament in accordance with section 142Z(2)(a) of the Financial Services and Markets Act 2000.
Annotations
Footnotes
- f1
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2000 c. 8; sections 142A to 142Z1 of the Financial Services and Markets Act 2000 were inserted by section 4(1) of the Financial Services (Banking Reform) Act 2013 (c. 33).