# The Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014, Article 14: Rules about information to be provided by a non ring-fenced body to individual account-holders


(1) The FCA must make rules specifying the information a non ring-fenced body must provide at any specified time (“specified information”) to—
(a) individuals who have applied to open an account with that non ring-fenced body (including a joint account); and
(b) account-holders of that non ring-fenced body who are individuals.
(2) The specified information must include a description of—
(a) any excluded activity which the non ring-fenced body is carrying on; and
(b) any prohibited action which the non ring-fenced body has taken;
at the time at which rules made by the FCA under paragraph (1) specify the information must be provided.
(3) In this article—
(a) “non ring-fenced body” means a UK deposit-taker which is not—
(i) a ring-fenced body, or
(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;
(b) “prohibited action” means any action which a ring-fenced body is prohibited from taking by the excluded activities and prohibitions order.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111117118/article/14 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-ring-fenced-bodies-and-core-activities-order-2014/article-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.