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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 [F2 FCA , the PRA or the Bank of England F2] under the Act;

(b) a function corresponding to any function exercised by the [F3 FCA F3] under Part VI of the Act (official listing);

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

F5 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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)
Version from: 31 December 2020

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Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (see footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
defined term Defined term
dfn Defined term (alternative style)
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
F1 Word 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
F2 Words 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
F3 Word 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
F4 Words 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) , 18 substituted
F5 Reg. 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
I1 Reg. 1 in force at 1.12.2001, see reg. 1
I2 Reg. 2 in force at 1.12.2001, see reg. 1
Defined Term Section/Article ID Scope of Application
the Act Preamble def_6fad192b26

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