The Financial Services and Markets Act 2000 (Consumer Credit) (Transitional Provisions) (No. 4) Order 2014
S.I. 2014/2632 · Made 26 September 2014
Financial Services And Markets
Made 26th September 2014
Laid before Parliament 30th September 2014
Coming into force 21st October 2014
The Treasury make the following Order in exercise of the powers conferred by section 426(1) of the Financial Services and Markets Act 2000f1.
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation and commencement
- 2The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013
- Signature
- Explanatory note
1Citation and commencement
This Order may be cited as the Financial Services and Markets Act 2000 (Consumer Credit) (Transitional Provisions) (No. 4) Order 2014 and comes into force on 21st October 2014.
2The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013
In article 58 (duration of interim permission) of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013f1, in paragraph (3), in sub-paragraph (c), for “takes effect” substitute “is given”.
Signature
Gavin Barwell
Mark Lancaster
Two of the Lords Commissioners of Her Majesty’s Treasury
26th September 2014
Explanatory note
(This note is not part of the Order)
This Order amends the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881). Article 58(3) of that Order makes provision, for the purposes of that article, for the date on which an application for permission under the Financial Services and Markets Act 2000 is determined. The effect of the amendment made by this Order is that such an application is determined, where the regulator gives a decision notice in relation to the application, on the date on which the notice is given.
An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.