Statutory Instruments
2010 No. 2480 (C. 120)
Financial Services
The Financial Services Act 2010 (Commencement No. 1 and Transitional Provision) Order 2010
Made
11th October 2010
The Treasury, in exercise of the powers conferred on them by section 26(3) and (4) of the Financial Services Act 2010( 1 ), make the following Order:
Citation and interpretation
1. —(1) This Order may be cited as the Financial Services Act 2010 (Commencement No. 1 and Transitional Provision) Order 2010.
(2) In this Order—
(a) “the Act” means the Financial Services Act 2010 ; and
(b) “the 2000 Act” means the Financial Services and Markets Act 2000 ( 2 ).
Provisions coming into force on 12 th October 2010
2. 12 th October 2010 is the day appointed for the coming into force of the following provisions of the Act—
(a) section 2(2) to (4);
(b) section 13;
(c) section 14;
(d) section 17;
(e) section 24(1) and (2), in so far as relating to the provisions listed in paragraph (f); and
(f) paragraphs 21, 23, 24(3) and 33(2) of Schedule 2 to the Act.
Provisions coming into force on 1st April 2011
3. 1st April 2011 is the day appointed for the coming into force of those provisions of Schedule 1 to the Act (introduced by section 2(6)) relating to paragraphs 13, 15 and 16 of Schedule 1A to the 2000 Act.
Transitional provision relating to section 13 of the Act
4. The amendments made by section 13 of the Act (Publication of decision notices) shall not apply in relation to cases where a warning notice has been given by the Financial Services Authority under the 2000 Act before 12 th October 2010.
Michael Fabricant
Angela Watkinson
Two of the Lords Commissioners of Her Majesty’s Treasury
11th October 2010