# The Financial Services Act 1986 (Commencement) (No. 10) Order 1988

S.I. 1988/1960 · made 9 November 1988

The following provisions of the Financial Services Act 1986 have been brought into force before the date of this Order in pursuance either of the Act or of previous commencement orders.

Made under: Financial Services Act 1986 (repealed) (Section 211)

PDFs: Printed copy https://openlegislation.uk/financial-services-act-1986-commencement-no-10-order-1988/pdf/uksi_19881960_en.pdf

## Introductory text

FINANCIAL SERVICES
Made 9th November 1988
The Secretary of State in exercise of his powers under section 211(1) of the Financial Services Act 1986 hereby makes the following Order—

## 1 

This Order may be cited as the Financial Services Act 1986 (Commencement) (No. 10) Order 1988.

## 2 

Articles 6(2) and 7 of the Financial Services Act 1986 (Commencement) (No. 8) Order 1988 shall be revoked.

## 3 

Insofar as it is not yet in force, section 76 of the Financial Services Act 1986 shall come into force on 31st December 1988 except insofar as it has effect in relation to—
(a) an open-ended investment company units in which are either included in the Official List of The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited or are offered on terms such that any agreement for their acquisition is conditional upon such listing being an open-ended investment company which either—
(i) is managed in and authorised under the law of a country or territory in respect of which an order under section 87 of the Financial Services Act 1986 is in force on 31st December 1988 and which is of a class specified in that order; or
(ii) is constituted in a member State in respect of which an order under paragraph 10 of Schedule 15 to the Financial Services Act 1986 is in force on 31st December 1988 and which meets the requirements specified in that order; or
(b) any prospectus issued by or on behalf of an open-ended investment company which fulfils the conditions described in paragraph (a)(i) of this article being a prospectus which complies with Chapter II of Part III of the Companies Act 1985 or the corresponding provisions of the Companies (Northern Ireland) Order 1986 and the issue of which in the United Kingdom does not contravene section 74 or 75 of the Companies Act 1985 or the corresponding provisions of the Companies (Northern Ireland) Order 1986 as the case may be, and
shall come into force on 1st March 1989 for all remaining purposes.

## 4 

Section 212(3) of and Schedule 17 to the Financial Services Act 1986 shall come into force on 31st December 1988 insofar as is necessary to have the effect that, to the extent that they do apply, the provisions of Part III and section 693 of, and Schedule 3 to, the Companies Act 1985 and the corresponding provisions of the Companies (Northern Ireland) Order 1986 cease to apply to a prospectus offering for subscription, or to any application form for, units in an open-ended investment company which does not fulfil the conditions described in article 3(a)(i) of this Order and shall come into force on 1st March 1989 insofar as is necessary to have the effect described in this article with respect to a prospectus offering for subscription, or to any application form for, units in an open-ended investment company which does fulfil those conditions.

## Signature

Francis Maude
Parliamentary Under Secretary of State,
Department of Trade and Industry
9th November 1988

## Explanatory note

(This note is not part of the Order)
This Order revokes articles 6(2) and 7 of the Financial Services Act 1986 (Commencement) (No. 8) Order 1988 as amended by the Financial Services Act 1986 (Commencement) (No. 9) Order 1988. Those articles would have brought the provisions of the Financial Services Act 1986 restricting the promotion of certain collective investment schemes, namely those included in the Official List or promoted by a compliant prospectus, into force on 1st December 1988. This Order brings the relevant restrictions into force on—
(a) 31st December 1988 except in the cases described in Article 3 of the Order; and
(b) on 1st March 1989 in those cases. NOTE AS TO EARLIER COMMENCEMENT (This note is not part of the Order)
The following provisions of the Financial Services Act 1986 have been brought into force before the date of this Order in pursuance either of the Act or of previous commencement orders.
Provisions of the Act
S.I. No.
s. 1
1986/2246 1987/1997 1987/2158
s. 2
1986/2246
ss. 3 and 4
1988/740
s. 5
1986/2246 1988/740
ss. 6 and 7
1988/740
ss. 8 to 11
1987/907
s. 12
1987/1997
s. 13 and 14
1987/907
s. 15
1987/907 1988/740
ss. 16 to 19
1987/907
s. 20
1987/1997
s. 21
1987/907
ss. 22 and 23
1988/740
s. 24 (partially)
1988/740
s. 25
1988/740
ss. 26 to 30
1987/2158
s. 31
1987/2158 1988/740
ss. 32 to 34
1988/740
s. 35
1986/2246 1988/740
s. 36
1987/907 1988/740
s. 37
1987/907 1987/1997
s. 38
1987/907 1988/740
s. 39
1987/907 1987/1997
s. 40
1987/1997
s. 41
1987/907
s. 42
1986/2246 1988/740
s. 43
1987/2158
s. 44
1988/740
s. 45
1986/2246 1988/740
s. 46
1987/907
s. 47
1988/740
ss. 48 to 52
1987/907
ss. 54 and 55
1987/907
s. 56
1987/907 1988/740
s. 57
1988/740
s. 58 (partially)
1988/740
ss. 59 to 61
1988/740
s. 62
1987/1997
s. 63
1987/623
ss. 64 to 75
1988/740
s. 76 (partially)
1988/740 , Articles 6(2) and 7 1988/995 ) of S.I. 1988/740 were amended by S.I. 1988/995 and revoked by this Order.
ss. 77 to 85
1988/740
s. 86 (partially)
1988/740
ss. 87 to 95
1988/740
s. 96
1987/1997
ss. 97 to 101
1988/740
ss. 102 and 103
1987/907
s. 104
1987/907 1988/740
ss. 105 and 106
1986/2246
s. 107
1987/907
ss. 108 and 109
1988/740
s. 110
1987/907
s. 111
1988/740
s. 112
1987/907 1987/2158 1988/740
s. 113
1987/907 1988/740
ss. 114 to 118
1986/2246
ss. 119 and 120
1987/907
s. 121
1986/2246
ss. 122 and 123
1986/2246 1987/907
s. 124
1986/2246
s. 125
1987/907 1988/995
s. 126
1986/2246
s. 127
1987/907
s. 128
1986/2246
s. 129
1986/2246 1987/907 1988/740 1988/995
ss. 130 and 131
1988/740
s. 132
1986/2246 1988/740
s. 133
1988/740
s. 134 (partially)
1986/2246
ss. 135 and 136
1988/740
s. 137
1986/2246
s. 138
1986/2246 1987/907 1988/740
s. 139
1986/2246 1988/740
s. 140 (partially)
1986/2246 1987/907 1987/1997 1987/2158 1988/740
ss. 141 to 153
1986/2246
s. 154
1986/2246 1988/740
ss. 155 to 157
1986/2246
s. 160 (partially)
1988/740
s. 162 (partially)
1988/740
s. 169
1988/740
s. 170 (partially)
1988/740
ss. 172 and 173
1986/2246
s. 174 (partially)
1986/2246 1988/740
s. 175
1988/740
s. 176
1986/2246
s. 177
1986/1940
s. 178
1986/1940 1986/2246 1988/740
s. 179
1986/1940 1986/2246
s. 180
1986/1940
s. 181
1986/2246
s. 182
1986/1940 1986/2031 1986/2246
ss. 183 and 184
1987/623 1988/740
s. 185
1987/623
s. 186
1987/623 1988/740
s. 187
1986/2246 1987/907
s. 188
1986/2246
s. 189 (partially)
1986/2246 1987/1997 1987/2158
ss. 190 and 191
1987/907
s. 192
1986/2246
s. 194
1988/740
s. 195
s.211(2)
s. 196
1987/1997
s. 197
1988/740
s. 198
1986/1940 1986/2246 1987/907 1988/740
s. 199
1986/1940 1986/2246 1988/740
s. 200
1986/1940 1986/2246 1987/907 1987/2158 1988/740
s. 201
1986/1940 1986/2246 1987/623 1988/740
ss. 202 and 203
1986/1940 1986/2246
s. 204
1986/2246
s. 205
1986/1940 1986/2246
s. 206
1987/907
s. 207
1986/1940 1986/2246
s. 208 (partially)
1988/740
ss. 209 and 210
1986/1940 1986/2246
s. 211
1986/2031 1986/2246 1987/907 1987/2158 1988/740
s. 212 (partially)
1986/2031 1986/2246 1987/907 1988/740 1988/995
Schedule 1
1986/2246 1987/1997 1987/2158
Schedules 2 to 4
1987/907
Schedule 5
1987/2158
Schedule 6
1987/1997
Schedules 7 to 9
1986/2246
Schedule 10
1986/2246 1987/907 1988/740 1988/995
Schedule 11 (partially)
1986/2246 1987/907 1987/1997 1987/2158 1988/740
Schedule 12
1986/2246
Schedule 13
1986/1940 1986/2031 1986/2246
Schedule 14 (partially)
1986/2246 1987/1997 1987/2158
Schedule 15
1986/2031 1986/2246 1987/907 1987/2158 1988/740
Schedule 16 (partially)
1986/2246 1987/907 1988/740
Schedule 17 (partially)
1986/2031 1986/2246 1988/740 1988/995

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Source: https://www.legislation.gov.uk/uksi/1988/1960 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-commencement-no-10-order-1988
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.