{
  "url": "https://openlegislation.uk/financial-services-act-1986-commencement-no-5-order-1987/schedule",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-commencement-no-5-order-1987/schedule.json",
  "legislation": "uksi/1987/907",
  "legislation_title": "The Financial Services Act 1986 (Commencement) (No. 5) Order 1987",
  "legislation_url": "https://openlegislation.uk/financial-services-act-1986-commencement-no-5-order-1987",
  "path": "schedule",
  "kind": "schedule",
  "number": null,
  "heading": "PROVISIONS OF FINANCIAL SERVICES ACT 1986 COMING INTO FORCE ON 4TH JUNE 1987",
  "text": "Provisions of Act\nSubject matter of provisions\nSection 8\nSelf-regulating organisations.\nSection 9\nApplications for recognition by self-regulating organisations.\nSection 10\nGrant and refusal of recognition of self-regulating organisations.\nSection 11\nRevocation of recognition of self-regulating organisations.\nSection 13\nAlteration of rules of recognised self-regulating organisations for protection of investors.\nSection 14\nNotification requirements.\nSection 15 except insofar as it has the effect of conferring authorisation\nCertification by professional bodies.\nSection 16\nProfessional bodies.\nSection 17\nApplications for recognition by professional bodies.\nSection 18\nGrant and refusal of recognition of professional bodies.\nSection 19\nRevocation of recognition of professional bodies.\nSection 21\nNotification requirements.\nSection 36(2) and (3)\nInvestment exchanges.\nSection 37 except insofar as it has effect in relation to a body or association of the kind described in section 40(1) of the Act\nGrant and revocation of recognition of investment exchanges other than overseas investment exchanges.\nSection 38(2) and (3)\nClearing houses.\nSection 39 except insofar as it has effect in relation to a body or association of the kind described in section 40(1) of the Act\nGrant and revocation of recognition of clearing houses other than overseas clearing houses.\nSection 41\nNotification requirements.\nSection 46\nPower to extend or restrict exemptions.\nSection 48\nConduct of business rules.\nSection 49\nFinancial resources rules.\nSection 50\nModification of conduct of business and financial resources rules for particular cases.\nSection 51\nCancellation rules.\nSection 52\nNotification regulations.\nSection 54\nCompensation Fund.\nSection 55\nClients money.\nSection 56 insofar as it is necessary in order to enable regulations to be made under section 56(1)\nUnsolicited calls.\nSection 102\nRegister of authorised persons and recognised organisations etc.\nSection 103\nInspection of register.\nSection 104(2) and (3)\nPower to call for information.\nSection 107\nAppointment of auditors.\nSection 110\nAuditors for overseas business.\nSection 112(1) to (4)\nApplication fees for recognition orders under Chapter III or IV of Part I of the Act.\nSection 113(1)\nPeriodical fees — recognised self-regulating organisations, professional bodies, investment exchanges and clearing houses.\nSection 119\nPrevention of restrictive trade practices — recognised self-regulating organisations, investment exchanges, clearing houses.\nSection 120\nModification of section 119 where recognition function is transferred.\nSection 122\nReports by Director-General of Fair Trading.\nSection 123\nInvestigations by Director-General of Fair Trading.\nSection 124 5(1) to (7)\nConsequential exemption from competition law — The Restrictive Trade Practices Act 1976.\nSection 127\nModifications of Restrictive Trade Practices Act 1976 in relation to recognised professional bodies.\nSection 129 insofar as is necessary to bring into force paragraphs 3(1), (2) and (4) and 4(1) to (4) of Schedule 10 to the Act, and those paragraphs of that Schedule\nApplication of investment business provisions to regulated insurance companies.\nSection 138(1), (2) and (6)\nInsurance brokers.\nSection 140 insofar as is necessary to bring into force paragraphs 2 to 5, 7 to 16, 18 to 20, 24, 38 and 42 of Schedule 11 to the Act and those paragraphs of that Schedule\nFriendly Societies.\nSection 187 insofar as not yet in force\nExemption from liability in damages.\nSection 190\nData Protection Act 1984.\nSection 191\nOccupational Pension Schemes.\nSection 198(3)(b)\nPower to petition for winding-up on information obtained under Act — Northern Ireland.\nSection 200(1)(a) insofar as it has effect in relation to an application for a recognition order under Chapter III or IV of Part I of the Act\nFalse and misleading statements in connection with applications.\nSection 200(1)(b) insofar as it has effect in relation to a requirement imposed by or under any provision brought into force by this Order\nFalse and misleading statements in purported compliance with requirements imposed by or under Act.\nSection 200(3) and (4)\nFalse and misleading statements as to recognised status.\nSection 200(5) to (8) insofar as it has effect in relation to any provision brought into force by this Order\nFalse and misleading statements — supplementary provisions.\nSection 206(1) to (3)\nPublication of information or advice.\nSection 211(3) insofar as is necessary to bring into force paragraphs 4, 5, and 6 of Schedule 15 to the Act, and those paragraphs of that Schedule\nTransitional provisions.\nSection 212(2) insofar as is necessary to bring into force paragraph 27(b) of Schedule 16, and that paragraph of that Schedule\nConsequential amendment.\nSchedule 2\nRequirements for recognition of self-regulating organisations.\nSchedule 3\nRequirements for recognition of recognised professional body.\nSchedule 4\nRequirements for recognition of recognised investment exchange.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1976 c. 34."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1984 c. 35."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/907/schedule",
    "retrieved_at": "2026-10-29T16:26:11.186584+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."
}