{
  "url": "https://openlegislation.uk/financial-services-act-1986-commencement-no-8-order-1988/schedule",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-commencement-no-8-order-1988/schedule.json",
  "legislation": "uksi/1988/740",
  "legislation_title": "The Financial Services Act 1986 (Commencement) (No. 8) Order 1988",
  "legislation_url": "https://openlegislation.uk/financial-services-act-1986-commencement-no-8-order-1988",
  "path": "schedule",
  "kind": "schedule",
  "number": null,
  "heading": "PROVISIONS OF FINANCIAL SERVICES ACT 1986 COMING INTO FORCE ON 29th APRIL 1988",
  "text": "Provisions of Act\nSubject matter of provisions\nSection 3.\nPersons entitled to carry on investment business.\nSection 4.\nOffences.\nSection 5 insofar as not yet in force.\nAgreements made by or through unauthorised persons.\nSection 6.\nInjunctions and restitution orders.\nSection 7.\nAuthorisation by membership of recognised self-regulating organisations.\nSection 15 insofar as not yet in force.\nAuthorisation by certification by recognised professional body.\nSection 22.\nAuthorised insurers.\nSection 23.\nRegistered friendly societies.\nSection 24 insofar as is necessary for the purposes of paragraph 10 of Schedule 15 to the Act.\nOperators and trustees of recognised collective investment schemes.\nSection 25.\nAuthorisation by the Secretary of State.\nSection 31 insofar as not yet in force.\nAuthorisation in another member State.\nSection 32.\nNotice of commencement of business by person authorised by virtue of section 31.\nSection 33.\nTermination and suspension of authorisation by virtue of section 31.\nSection 34.\nNotice of proposed termination or suspension of authorisation by virtue of section 31.\nSection 35 insofar as not yet in force.\nThe Bank of England.\nSection 36 insofar as not yet in force.\nInvestment exchanges.\nSection 38 insofar as not yet in force.\nClearing houses.\nSection 42 insofar as not yet in force.\nLloyd's.\nSection 44 insofar as not yet in force.\nAppointed representatives.\nSection 45 insofar as not yet in force.\nMiscellaneous exemptions.\nSection 47.\nMisleading statements and practices.\nSection 56 insofar as not yet in force.\nUnsolicited calls.\nSection 58, except section 58(1)(d)(ii) insofar as it relates to an advertisement required or permitted to be published by an approved exchange under Part V of the Act, and except section 58(2).\nExceptions from restrictions on advertising.\nSection 59.\nEmployment of prohibited persons.\nSection 60.\nPublic statement as to person’s misconduct.\nSection 61.\nInjunctions and restitution orders.\nSection 64.\nPowers of intervention — scope of powers.\nSection 65.\nRestriction of business.\nSection 66.\nRestriction on dealing with assets.\nSection 67\nVesting of assets in trustee.\nSection 68.\nMaintenance of assets in United Kingdom.\nSection 69.\nRecission and variation.\nSection 70.\nNotices.\nSection 71.\nBreach of prohibition or requirement.\nSection 72.\nWinding up orders.\nSection 73.\nWinding up orders: Northern Ireland.\nSection 74.\nAdministration orders.\nSection 75.\nCollective investment schemes: interpretation.\nSection 77.\nApplications for authorisation.\nSection 78\nAuthorisation orders.\nSection 79.\nRevocation of authorisation.\nSection 80.\nRepresentations against refusal or revocation.\nSection 81.\nConstitution and management.\nSection 82.\nAlteration of schemes and changes of manager or trustee.\nSection 83.\nRestrictions on activities of manager.\nSection 84.\nAvoidance of exclusion clauses.\nSection 85.\nPublication of scheme particulars.\nSection 86 insofar as is necessary for the purposes of paragraph 10 of Schedule 15 to the Act.\nSchemes constituted in other member States.\nSection 87.\nSchemes authorised in designated countries or territories.\nSection 88.\nOther overseas schemes.\nSection 89.\nRefusal and revocation of recognition.\nSection 90.\nFacilities and information in the United Kingdom.\nSection 91.\nDirections.\nSection 92.\nNotice of directions.\nSection 93.\nApplications to the court.\nSection 94.\nInvestigations.\nSection 95.\nContraventions.\nSection 97.\nReferences to the Tribunal.\nSection 98.\nDecisions on references by applicant or authorised person etc.\nSection 99.\nDecisions on references by third party.\nSection 100.\nWithdrawal of references.\nSection 101.\nReports.\nSection 104 insofar as not yet in force.\nPower to call for information.\nSection 108.\nPower to call for second audit.\nSection 109.\nCommunication by auditor with supervisory authorities.\nSection 111.\nOffences and enforcement.\nSection 112 insofar as not yet in force.\nApplication fees.\nSection 113 insofar as not yet in force.\nPeriodical fees.\nSection 129 except insofar as it relates to paragraph 5(3) and (4) of Schedule 10 to the Act and, except as aforesaid, the provisions of that Schedule not yet in force.\nApplication of investment business provisions toregulated insurance companies.\nSection 130.\nRestriction on promotion of contracts of insurance.\nSection 131.\nContracts made after contravention of section 130.\nSection 132 insofar as not yet in force.\nInsurance contracts effected in contravention of the Insurance Companies Act 1982.\nSection 133.\nMisleading statements as to insurance contracts.\nSection 135.\nCommunication by auditor with Secretary of State.\nSection 136.\nArrangements to avoid unfairness between separate insurance funds etc.\nSection 138 insofar as not yet in force.\nInsurance brokers.\nSection 139 insofar as not yet in force.\nIndustrial assurance.\nSection 140 insofar as not yet in force, but not insofar as it relates to paragraph 17 of Schedule 11 to the Act or to the provisions of Schedule 11 coming into force on 3rd October 1988 and, except as aforesaid, the provisions of that Schedule not yet in force.\nFriendly societies.\nSection 154 insofar as not yet in force.\nAdvertisements etc. issued in connection with listing particulars.\nSection 160 insofar as is necessary to enable the Secretary of State to make an order under that section.\nOther offers of securities.\nSection 162 insofar as is necessary to enable the Secretary of State to make rules under that section and insofar as is necessary for the purposes of section 169.\nForm and content of prospectus.\nSection 169.\nTerms and implementation of offer.\nSection 170 insofar as is necessary to enable the Secretary of State to make an Order under that section.\nAdvertisements by private companies and old public companies.\nThe remaining provisions of section 174 except section 174(4)(a).\nMarket makers, off-market dealers etc.\nSection 175.\nPrice stabilisation.\nSection 178 insofar as not yet in force.\nPenalties for failure to co-operate with section 177 investigations.\nSection 183 insofar as not yet in force.\nReciprocal facilities for financial business.\nSection 184 insofar as not yet in force.\nInvestment and insurance business.\nSection 186 insofar as not yet in force.\nVariation and revocation of notices.\nSection 194.\nTransfers to and from recognised clearing houses.\nSection 197.\nDisclosure of interests in shares: interest held by market maker.\nSection 198 insofar as not yet in force.\nPower to petition for winding up etc on information obtained under the Act.\nSection 199 insofar as not yet in force.\nPowers of entry.\nSection 200 insofar as not yet in force.\nFalse and misleading statements.\nSection 201 insofar as not yet in force.\nProsecutions.\nSection 208 insofar as it has effect in relation to the application of section 130.\nGibraltar.\nSection 211 of and Schedule 15 to the Act insofar as not yet in force.\nTransitional provisions.\nSection 212(2) except insofar as it relates to paragraphs 16 and 31 of Schedule 16 to the Act and, except as aforesaid, the provisions of that Schedule not yet in force.\nConsequential amendments.\nSection 212(3) of and Schedule 17 to the Act except insofar as they provide for the repeal of, or of words in, the following provisions:\n(a) such provisions of the Prevention of Fraud (Investments) Act (Northern Ireland) 1940 as are necessary for the purposes of paragraph 1(3) of Schedule 15 to the Act as it applies by virtue of paragraph 16 of that Schedule;\n(b) such provisions of the Prevention of Fraud (Investments) Act 1958 as are necessary for the purposes of paragraph 1(3) of Schedule 15 to the Act;\n(c) the Tribunals and Inquiries Act 1971;\n(d) The House of Commons Disqualification Act 1975;\n(e) The Restrictive Trade Practices (Stock Exchange) Act 1984;\n(f) section 13 of the Company Securities (Insider Dealing) Act 1985;\n(g) to the extent not yet repealed, and except insofar as is necessary to have the effect that those provisions cease to apply to a prospectus offering for subscription, or to any form of application for, units in a body corporate which is a recognised scheme, the provisions of Part III, sections 81 to 87, 97, 449(1)(d), 693, 707 and 744, insofar as it relates to the definition of “prospectus issued generally”, of and Schedules 3, 22 and 24 to the Companies Act 1985 and the corresponding provisions of the Companies (Northern Ireland) Order 1986; and\n(h) Section 195 of the Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1982 c. 50."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1940 c. 9 (N.I.)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1958 c. 45."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "1971 c. 62."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "1975 c. 24."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "1984 c. 2."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "1985 c. 8."
    },
    {
      "type": "footnote",
      "label": "f8",
      "text": "1985 c. 6."
    },
    {
      "type": "footnote",
      "label": "f9",
      "text": "S.I. 1986/1032 (N.I.6)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/740/schedule",
    "retrieved_at": "2026-10-29T16:07:37.261010+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."
}