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Article 1 Citation, commencement and interpretation

(1)

This Order may be cited as the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013.

(2)

This Order comes into force as follows—

(a)

articles 1, 2, 8 and 9 come into force on the day after the day on which this Order is made;

(b)

articles 3 and 4 come into force on the day after the day on which this Order is made for the purpose of making designations under article 3 which are to take effect on or after 1st April 2013;

(c)

otherwise, this Order comes into force on 1st April 2013.

(3)

In this Order —

  • “the Act” means the Financial Services and Markets Act 2000;

  • F1“controlled function” has the meaning given by section 59(3) of the Financial Services and Markets Act 2000;

  • “dealing in investments as principal” means an activity of the kind specified by article 14(1) of the Regulated Activities Order M1;

  • F2“FCA controlled function” means a controlled function specified in rules made by the FCA;

  • “PRA controlled function” means a controlled function specified in rules made by the PRA;

  • “the Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M2.

Annotations

Textual amendments

F1

Words in art. 1(3) inserted (1.1.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 15(2)(a)

F2

Words in art. 1(3) inserted (1.1.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 15(2)(b)

Marginal citations

M1

Amended by S.I. 2006/3384.

M2

S.I. 2001/544.