OpenLegislation

Article 1 Citation, commencement and interpretation

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This Order may be cited as the Financial Services Act 1986 (Exemption) Order 1996.

(2)

Articles 1 and 2 of this Order shall come into force on 10th July 1996 and article 3 shall come into force on 15th July 1996.

(3)

In this Order—

  • “Operator” means a person approved as such by the Treasury under the Uncertificated Securities Regulations 1995f1;

  • “dematerialised instruction” has the meaning given in the Uncertificated Securities Regulations 1995; and

  • the expression “properly authenticated”, when used to describe a dematerialised instruction shall be construed in accordance with regulation 3(2)(a) of those Regulations.

Annotations

Footnotes

f1

S.I. 1995/3272.