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Statutory Instruments

2014 No. 1195

Financial Services And Markets

The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014

Made

8th May 2014

Laid before Parliament

9th May 2014

Coming into force

1st June 2014

The Treasury make the following Order in exercise of the powers conferred by section 85(2)(b) of the Financial Services Act 2012(1):

Citation and commencementI1

1. This Order may be cited as the Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014 and comes into force on 1st June 2014.

Relevant functions of the FCAI2

2. The following functions of the FCA are relevant functions for the purposes of section 85(2) of the Financial Services Act 2012—

(a)its functions under the Regulated Covered Bonds Regulations 2008(2), other than its function of giving guidance under regulation 42;

(b)its functions under the Payment Services Regulations [F12017F1] , other than its function of giving guidance under [F2regulation 120F2] ;

(c)its functions under the Electronic Money Regulations 2011(3), other than its function of giving guidance under regulation 60;

(d)its functions under the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012(4), other than its function of giving guidance under regulation 15.

[F3 (e)its functions under the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017, other than its functions under regulation 32 (guidance) of those Regulations.

[F4 (f)its functions under the Data Reporting Services Regulations 2024.F4,F3]]

[[F5,F6 (g)its functions under the Packaged Retail and Insurance-based Investment Products Regulations 2017.F6,F5]]

[F7 (h)its functions under the [F8 Securitisation Regulations 2024F8] [F9 , other than its function of making rules under regulations 22 and 34F9] .F7]

[F10Relevant functions of the PRA

3. The functions of the PRA under the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 [F11 and under the [F12 Securitisation Regulations 2024F12,F11]] are relevant functions for the purposes of section 85(2) of the Financial Services Act 2012.F10]

Stephen Crabb

Anne Milton

Two of the Lords Commissioners of Her Majesty’s Treasury

8th May 2014

(1)

2012 c.21. Section 85(2) substituted by the Financial Services (Banking Reform) Act 2013 (c.33), Schedule 10, paragraph 10.

(2)

S.I. 2008/346; regulation 42 was amended by S.I. 2011/2859 and S.I. 2013/472.

Status: There are currently no known outstanding effects for The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014.
The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) Order 2014 (2014/1195)
Version from: 22 November 2024

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Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (for detail about the purposes see/hover footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
italics Defined term
dfn Defined term (alternative style)
gry bckgrd the in-force status of the provision is complex, check the footnotes
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
F1 Word in art. 2(b) substituted (13.1.2018) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 16(a) (with reg. 3) this amendment (text substituted) should be read in conjunction with other related provisions, see the commentary. substituted
F2 Words in art. 2(b) substituted (13.1.2018) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 16(b) (with reg. 3) this amendment (text substituted) should be read in conjunction with other related provisions, see the commentary. substituted
F3 Art. 2(e)(f) inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 5 para. 20(2) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F4 Art. 2(f) substituted (5.4.2024) by The Data Reporting Services Regulations 2024 (S.I. 2024/107), regs. 1(2), 33; S.I. 2023/1382, reg. 4(c) substituted
F5 Art. 2(g) inserted (1.1.2018) by The Packaged Retail and Insurance-based Investment Products Regulations 2017 (S.I. 2017/1127), reg. 1, Sch. 2 para. 8 inserted
F6 Art. 2(g) omitted (22.11.2024 for specified purposes) by virtue of The Consumer Composite Investments (Designated Activities) Regulations 2024 (S.I. 2024/1198), reg. 2(1)(c)(2), Sch. 2 para. 4; S.I. 2025/1078, reg. 7(b) text omitted for certain specified purposes only, see the commentary. omitted “S.I. 2025/1078, reg. 7(b)” Complex in force status. Note, the provision (or each sub-provision) may be have been brought into force only for certain purposes and/or only for certain geographies), some sub-provisions may be in force while others are not.
F7 Art. 2(h) inserted (1.1.2019) by The Securitisation Regulations 2018 (S.I. 2018/1288), reg. 1, Sch. 2 para. 5(2) inserted
F8 Words in art. 2(h) substituted (1.11.2024) by The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 6(2) substituted
F9 Words in art. 2(h) inserted (1.11.2024) by The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) (Amendment) Order 2024 (S.I. 2024/1006), arts. 1(2), 2 inserted
F10 Art. 3 inserted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4)(6), Sch. 5 para. 20(3) (with reg. 7) this amendment (text inserted) should be read in conjunction with other related provisions, see the commentary. inserted
F11 Words in art. 3 inserted (1.1.2019) by The Securitisation Regulations 2018 (S.I. 2018/1288), reg. 1, Sch. 2 para. 5(3) inserted
F12 Words in art. 3 substituted (1.11.2024) by The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), reg. 1(3), Sch. 2 para. 6(3) substituted
I1 Art. 1 in force at 1.6.2014, see art. 1
I2 Art. 2 in force at 1.6.2014, see art. 1
Defined Term Section/Article ID Scope of Application

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