OpenLegislation

The Financial Services (Disclosure of Information) (Designated Authorities) (No.5) Order 1989

S.I. 1989/940 · Made 5 June 1989

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

FINANCIAL SERVICES

Made 5th June 1989

Laid before Parliament 6th June 1989

Coming into force 7th June 1989

The Secretary of State, in exercise of the powers conferred upon him by section 180(3) and (4) of the Financial Services Act 1986f1 and section 449(1B) and (1C) of the Companies Act 1985(f2, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1986 c. 60.

f2

1985 c. 6; subsections (1B) and (1C) of section 449 of the Companies Act 1985 were inserted by paragraph 9 of Schedule 13 to the Financial Services Act 1986.

Contents

  1. 1Citation and commencement
  2. 2Designation of authorities and specification of functions
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Financial Services (Disclosure of Information) (Designated Authorities) (No.5) Order 1989 and shall come into force on 7th June 1989.

2Designation of authorities and specification of functions

For the purposes of section 180 of the Financial Services Act 1986 and section 449 of the Companies Act 1985–

(a)

the Charity Commissioners are designated as authorities in relation to their functions under the Charities Act 1960f1; and

(b)

the Attorney-General is designated as an authority in relation to his functions in connection with charities.

Signature

Francis Maude

Parliamentary Under Secretary of State,

Department of Trade and Industry

5th June 1989

Explanatory note

(This note is not part of the Order)

This Order designates certain authorities as authorities for the purposes of section 449 of the Companies Act 1985 and section 180 of the Financial Services Act 1986 in relation to specified functions. The Charity Commissioners are designated in relation to their functions under the Charities Act 1960 and the Attorney-General is designated in relation to his functions in connection with charities. The effect of designation is to permit the disclosure of information which would otherwise be restricted if disclosure is for the purposes of enabling or assisting the designated authority to discharge the specified functions. There have been four previous orders designating public or other authorities for the purposes of the sections (S.I. 1986/2046, 1987/859, 1141 and 1988/1058) and one for the purposes of section 449 alone (S.I. 1988/1334).