🔆 📖 ➕ 👤

Statutory Instruments

2001 No. 2639

FINANCIAL SERVICES AND MARKETS

The Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001

Made

19th July 2001

Laid before Parliament

20th July 2001

Coming into force in accordance with regulation 1

The Treasury, in exercise of the powers conferred upon them by sections 47(1) and (3), 417(1)( 1 ) and 428(3) of the Financial Services and Markets Act 2000( 2 ) (“the Act”), hereby make the following Regulations:

Citation and commencement I1

1. These Regulations may be cited as the The Financial Services and Markets Act 2000 Own-initiative Power) (Overseas Regulators) Regulations 2001 and come into force on the day on which section 19 of the Act comes into force.

Overseas regulators I2

2. —(1) The kind of regulator to which paragraph (2) applies is prescribed for the purposes of section [F1 55Q(1) F1] of the Act.

(2) This paragraph applies to a regulator who exercises—

(a) a function corresponding to any function of the [F2FCA , the PRA or the Bank of EnglandF2] under the Act;

(b) a function corresponding to any function exercised by the [F3FCAF3] under Part VI of the Act (official listing);

(c) a function corresponding to any function exercised by the Secretary of State under [F4the Companies Act 2006F4] ; or

(d) a function in connection with—

(i) the investigation of conduct of the kind prohibited by Part V of the Criminal Justice Act 1993( 3 ) (insider dealing); or

(ii) the enforcement of rules (whether or not having the force of law) relating to such conduct.

Duty to consider Community obligation

F53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tony McNulty

Graham Stringer

Two of the Lords Commissioners of Her Majesty’s Treasury

( 1 )

See the definition of “prescribed”.

( 2 )

2000 c. 8 .

( 3 )

1993 c. 36 .

Status: There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001.
The Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001 (2001/2639)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
F1Word in reg. 2(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472) , Sch. 2 para. 54(a)substituted
F2Words in reg. 2(2)(a) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472) , Sch. 2 para. 54(b)substituted
F3Word in reg. 2(2)(b) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472) , Sch. 2 para. 54(c)substituted
F4Words in reg. 2(2)(c) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265) , arts. 1(2) , 18substituted
F5Reg. 3 omitted (31.12.2020) by virtue of The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632) , regs. 1(3) , 182 (with savings in S.I. 2019/680 , reg. 11 (as amended by S.I. 2019/1212 , regs. 1(3) , 22(3) ); 2020 c. 1 , Sch. 5 para. 1(1)this amendment is subject to savings and/or transitional provisions, see the commentary.omitted
I1Reg. 1 in force at 1.12.2001, see reg. 1
I2Reg. 2 in force at 1.12.2001, see reg. 1
Defined TermSection/ArticleIDScope of Application
the ActUnknown(“_prn8c47M
This instrument is derived from the version at www.legislation.gov.uk. To see a list of all amendments (including any to be made) check the resources page for this instrument on their website. Note, the status of this instrument is given above.
This instrument is derived from the version at www.legislation.gov.uk. To see original commencement information, check the resources page associated with this instrument. n.b. commencement information for marked amendments is embedded in the relevant footnote.

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.