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Statutory Instruments

2002 No. 1775

FINANCIAL SERVICES AND MARKETS

ELECTRONIC COMMUNICATIONS

The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002

Made

12th July 2002

Laid before Parliament

12th July 2002

Coming into force

in accordance with regulation 1

The Treasury, being a government department designated for the purposes of section 2(2) of the European Communities Act 1972 in relation to information society services, in exercise of the powers conferred by that section, and the powers conferred by sections 349(1), 414 and 428(3) of the Financial Services and Markets Act 2000 , hereby make the following Regulations:

PART 1 GENERAL

Citation and commencement

1. These Regulations may be cited as the Electronic Commerce Directive (Financial Services and Markets) Regulations 2002, and come into force—

(a) for the purpose of enabling the Authority to make rules, on 18th July 2002;

(b) otherwise, on 21st August 2002.

Interpretation

2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART 2 MODIFICATION OF FUNCTIONS OF THE FINANCIAL CONDUCT AUTHORITY

Consumer contract requirements: modification of rule-making power

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Consumer contract requirements: information

4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of certain rules

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART 3 ARTICLE 3.4 OF THE ELECTRONIC COMMERCE DIRECTIVE

Direction by Authority

6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Policy conditions

7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedural conditions

8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Urgent cases

9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Directions made under regulation 6

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Referral to the Upper Tribunal

11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Scope of this Part

11A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Direction by Authority

11B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Article 72A of the Regulated Activities Order

11C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART 4 ENFORCEMENT

Application of certain provisions of the 2000 Act

12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART 5 AMENDMENT OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

Amendment of sections 417 and 418 of the 2000 Act

13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART 6 MISCELLANEOUS AND CONSEQUENTIAL PROVISIONS

Disclosure of information

14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notices

15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendment of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Functions of the Authority

17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Rights of action

18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exclusion of general regulations

19.—(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) Regulation 4(3) of the general regulations does not apply to the Authority or any enforcement authority in respect of its responsibility in relation to a requirement imposed by or under the 2000 Act or these Regulations.

(2A) Regulation 4(3) of the general regulations also does not apply to the Authority in respect of its responsibility in relation to a requirement imposed by or under regulations made by the Treasury under section 8 of the European Union (Withdrawal) Act 2018.

(3) A rule that corresponds to a relevant regulation applies instead of that regulation.

(4) The reference in regulation 22(a) of the general regulations to regulation 6(1)(c) of those regulations is to be taken to include a reference to a provision in a rule that corresponds to regulation 6(1)(c) (and so applies in its stead by virtue of paragraph (3)).

(5) In this regulation—

Nick Ainger

Jim Fitzpatrick

Two of the Lords Commissioners of Her Majesty’s Treasury

Status: The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002 is up to date with all changes known to be in force on or before 21 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002 (2002/1775)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
C1Regulations : power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29) , ss. 3 , 86(3) , Sch. 1 Pt. 2 ; S.I. 2023/779 , reg. 2(d)
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F1Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(2) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F2Words in Pt. 2 heading substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472) , art. 1(1) , Sch. 2 para. 77(3)substituted
F3Reg. 5 revoked (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472) , art. 1(1) , Sch. 1
F4Words in reg. 11 substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22) , art. 1(2)(f) , Sch. 3 para. 38substituted
F5Pt. 3A inserted (24.3.2015) by The Electronic Commerce Directive (Financial Services and Markets) (Amendment) Order 2015 (S.I. 2015/852) , arts. 1(2) , 2(2)inserted
F6Reg. 19 inserted (21.8.2002) by The Electronic Commerce Directive (Financial Services and Markets) (Amendment) Regulations 2002 (S.I. 2002/2015) , regs. 1 , 2inserted
F7Reg. 19(1) omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(3)(a) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)omitted
F8Reg. 19(2) (2A) substituted for reg. 19(2) (31.12.2020) by The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(3)(b) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)substituted
F9Words in reg. 19(5) inserted (31.12.2020) by The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(3)(c)(i) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)inserted
F10Words in reg. 19(5) inserted (31.12.2020) by The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361) , regs. 1(2) , 6(3)(c)(ii) (as amended by S.I. 2019/1390 , regs. 1(2) , 6 ); 2020 c. 1 , Sch. 5 para. 1(1)inserted
M1S.I. 2001/3495 .
M21972 c. 68 . By virtue of the amendment of s. 1(2) made by s. 1 of the European Economic Area Act 1993 (c. 51) regulations may be made under s. 2(2) to implement obligations of the United Kingdom created by or arising under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17 March 1993 (Cm 2183).
M32000 c. 8 .
Defined TermSection/ArticleIDScope of Application
enforcement authorityreg. 19. of PART 6enforcemen_rtFVQlE
general regulationsreg. 19. of PART 6general_re_rtgmnoP
relevant regulationreg. 19. of PART 6relevant_r_rtJaIcX
rulereg. 19. of PART 6legTermZYnxNy4w
the Authorityreg. 19. of PART 6legTermDjqo64YV
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The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002 2002 No. 1775 Regulations revoked Financial Services and Markets Act 2023 2023 c. 29 Sch. 1 Pt. 2 Not yet

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