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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order brings into force certain provisions of the Financial Services and Markets Act 2000 (“the Act”) on 25th February 2001.

The provisions listed in Part 1 of the Schedule are brought into force for all purposes. Those provisions confer powers to make subordinate legislation or contain definitions of expressions used in the Act.

The provisions listed in Part 2 of the Schedule are brought into force for the purpose of making orders and regulations. Those in Part 3 of the Schedule are brought into force for the specific purposes there mentioned.

The following provisions of the Act came into force on Royal Assent (14th June 2000):

  • Section 428 (regulations and orders)

  • Section 430 (extent)

  • Section 431 (commencement)

  • Section 433 (short title)

  • Paragraphs 1 and 2 of Schedule 21 (transitional provisions and savings).