Citation and interpretation

1. —(1) This Order may be cited as the Financial Services Act 2012 (Commencement No. 4) Order 2014.

(2) In this Order—

“the Act” means the Banking Act 2009( 2 ); and

“group companies” means banking group companies within the meaning given by section 81D of the Act( 3 ).

Provisions of the Financial Services Act 2012 coming into force on 5th June 2014

2. 5th June 2014 is the appointed day for the coming into force of the following provisions of the Financial Services Act 2012 for the purpose of making orders or regulations—

(a) section 100(1);

(b) section 100(5) so far as it inserts—

(i) section 81C(2) of the Act, but only for the purpose of enabling the power conferred by section 47 of the Act to be exercised in relation to group companies;

(ii) section 81D of the Act;

(c) section 100(6) and (7);

(d) section 101(1);

(e) section 101(5) so far as it inserts section 89A(1) of the Act, but only for the purpose of enabling the powers conferred by sections 47, 60 and 81D(1) of the Act to be exercised in relation to—

(i) investment firms;

(ii) companies in the same group as an investment firm which are group companies;

(f) section 101(7), (8) and (9);

(g) section 102(1); and

(h) section 102(6) so far as it inserts—

(i) section 89B(1) of the Act( 4 ), but only for the purpose of enabling the powers conferred by sections 47, 48 and 81D(1) of the Act to be exercised in relation to—

(aa) recognised central counterparties;

(bb) companies in the same group as a recognised central counterparty which are group companies;

(ii) section 89G of the Act( 5 ).