The Financial Services Act 2012 (Commencement No. 2) Order 2013

Statutory Instruments

2013 No. 423 (C. 17)

Financial Services And Markets

The Financial Services Act 2012 (Commencement No. 2) Order 2013

Made

26th February 2013

The Treasury, in exercise of the powers conferred by section 122(3) and (4) of the Financial Services Act 2012(1), make the following Order:

Citation and interpretation

1.—(1) This Order may be cited as the Financial Services Act 2012 (Commencement No. 2) Order 2013.

(2) In this Order, “the Act” means the Financial Services Act 2012.

Appointed day for the coming into force of Schedule 4 to the Act for limited purposes

2.  27th February 2013 is the day appointed for the coming into force of Schedule 4 to the Act (EEA passport rights and Treaty rights) for the purpose of making orders or regulations (in so far as not already in force).

Appointed days for the coming into force of certain provisions of the Act

3.  1st April 2013 is the day appointed for the coming into force of the provisions of the Act listed in the Schedule (in so far as those provisions are not already in force).

Mark Lancaster

David Evennett

Two of the Lords Commissioners of Her Majesty’s Treasury

26th February 2013

Article 3

SCHEDULE Provisions of the Act coming into force on 1st April 2013

• Sections 1 to 6

• Sections 10 to 48

• Sections 53 to 56

• Sections 58 to 63

• Sections 65 and 66

• Sections 68 to 82

• Sections 84 to 92

• Section 95

• Section 97

• Section 103

• Sections 104 to 107

• Sections 110 to 112

• Section 114

• Schedules 1 to 19

EXPLANATORY NOTE

(This note is not part of the Order)

This Order brings into force certain provisions of the Financial Services Act 2012 (c.21) (“the Act”) into force. This is the second commencement order to be made under the Act.

This Order brings into force Schedule 4 to the Act on 27th February 2013 for the purpose of making regulations.

The provisions listed in the Schedule to this Order are brought into force for all purposes on 1st April 2013. Those provisions relate to the regulation of financial services and markets.

This Order will have no effect on the costs of business and the voluntary sector independent of the provisions this Order brings into force. For that reason, no impact assessment has been produced for this instrument.

NOTE AS TO EARLIER COMMENCEMENT ORDERS

(This note is not part of the Order)

Provision	Date of Commencement	S.I. No.
Sections 1, 4, 5, 6 (partly)	19.02.2013	S.I. 2013/113
Sections 7, 8, 9, paragraphs (d), (j) and (n) of subsection (1), and subsections (2) and (3) of section 48 (interpretation of FSMA 2000), sections 49, 50-52, 57, 64, 67, 83, 93, 94, 119(1) and (2), Schedules 20 and 21	24.01.2013
Sections 4, 6, 11, 12, 14, 15, 16, 18, 19, 24, 27, 29, 30, 33, 35, 37, 38, 39, 40, 41, 42, 43, 45, 65, 66, 80, 84 to 87, 110, 112, 114, Schedule 7 (partly)	24.01.2013

(1)

2012 c.21.