{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-14",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-14.json",
  "legislation": "ukdsi/2014/9780111117118",
  "legislation_title": "The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014",
  "path": "article/14",
  "kind": "article",
  "number": "14",
  "heading": "Rules about information to be provided by a non ring-fenced body to individual account-holders",
  "text": "(1) The FCA must make rules specifying the information a non ring-fenced body must provide at any specified time (“specified information”) to—\n(a) individuals who have applied to open an account with that non ring-fenced body (including a joint account); and\n(b) account-holders of that non ring-fenced body who are individuals.\n(2) The specified information must include a description of—\n(a) any excluded activity which the non ring-fenced body is carrying on; and\n(b) any prohibited action which the non ring-fenced body has taken;\nat the time at which rules made by the FCA under paragraph (1) specify the information must be provided.\n(3) In this article—\n(a) “non ring-fenced body” means a UK deposit-taker which is not—\n(i) a ring-fenced body, or\n(ii) an institution which is exempt from the definition of a ring-fenced body by virtue of section 142A(2) of the 2000 Act or any order made under that section;\n(b) “prohibited action” means any action which a ring-fenced body is prohibited from taking by the excluded activities and prohibitions order.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "“Excluded activity” is defined in section 142D of the Act. Section 142D was inserted into the Act by the Financial Services (Banking Reform) Act 2013 (c 33), section 4."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111117118/article/14",
    "retrieved_at": "2026-10-30T15:12:39.417676+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}