xmlns:atom="http://www.w3.org/2005/Atom"

Statutory Instruments

2016 No. 568 (C. 37)

Banks And Banking

The Financial Services (Banking Reform) Act 2013 (Commencement No. 11) Order 2016

Made

9th May 2016

The Treasury make the following Order in exercise of the powers conferred by section 148(5) and (6) of the Financial Services (Banking Reform) Act 2013(1):

Citation

1.  This Order may be cited as the Financial Services (Banking Reform) Act 2013 (Commencement No. 11) Order 2016.

Appointed day for the coming into force of section 32 of the Financial Services (Banking Reform) Act 2013

2.  10th May 2016 is the day appointed for the coming into force of section 32 (definition of misconduct) of the Financial Services (Banking Reform) Act 2013 so far as that section is not already in force.

George Hollingbery

Mel Stride

Two of the Lords Commissioners of Her Majesty’s Treasury

9th May 2016

EXPLANATORY NOTE

(This note is not part of the Order)

This Order brings into force on 10th May 2016 section 32 of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the Act”) so far as that section is not already in force. This section relates to the regulation of persons performing functions in relation to financial services firms. This is the eleventh commencement order to be made under the Act.

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)

The following provisions of the Act have been brought into force by commencement orders made before the date of this Order:

ProvisionDate of CommencementS.I. No.
Section 4 (partially)1st March 20142014/377
Section 4 (for the purpose of inserting section 142H of the Financial Services and Markets Act 2000)21st April 20162016/512
Section 61st March 20142014/377
Section 1331st December 20142014/3160
Sections 14 and 151st March 20142014/377
Section 161st April 20142014/377
Section 17 (partially)1st March 20142014/377
Section 17 (so far as not already in force)31st December 20142014/3160
Section 18 (partially)25th July 20142014/1819
Section 18 (so far as not already in force)7th March 20162015/490
Section 1925th July 20142014/1819
Section 20 (partially)25th July 20142014/1819
Section 20 (so far as not already in force)7th March 20162015/490
Sections 21 to 267th March 20162015/490
Sections 27 and 2825th July 20142014/1819
Section 29 (partially)25th July 20142014/1819
Section 29 (for the purpose of inserting section 63F of the Financial Services and Markets Act 2000)7th March 20162015/490
Section 29 (so far as not already in force)7th March 20172015/490
Section 30 (partially)25th July 20142014/1819
Section 30 (partially)7th March 20162015/490
Section 31 (partially)25th July 20142014/1819
Section 31 (so far as not already in force)7th March 20162015/490
Section 32 (partially)7th March 20162015/490
Section 3325th July 20142014/1819
Section 347th March 20162015/490
Section 35 (partially)25th July 20142014/1819
Section 35 (so far as not already in force)7th March 20162015/490
Section 36 to 387th March 20162015/490
Sections 39 to 581st March 20142014/377
Section 591st April 20142014/823
Section 60(1), (2), (3) and (7)1st April 20142014/823
Section 60 (so far as not already in force)1st April 20152014/2458
Section 61 (partially)1st November 20142014/2458
Section 61 (so far as not already in force)1st April 20152014/2458
Section 621st April 20152014/2458
Sections 63 to 661st April 20142014/823
Section 67(2) (partially)1st November 20142014/2458
Section 67(3), (4) and (5)1st April 20142014/823
Section 67 (so far as not already in force)1st April 20152014/2458
Sections 68 to 1101st March 20142014/377
Section 121(1) (partially)1st March 20142014/377
Section 121(3) (partially)1st March 20142014/377
Section 129 (partially)1st November 20142014/2458
Section 129 (so far as not already in force)1st April 20152014/2458
Section 1301st March 20142014/377
Section 1321st March 20142014/377
Section 133(1) (for the purpose of inserting section 192JB of the Financial Services and Markets Act 2000)31st December 20142014/3160
Section 133(1) (for the purpose of inserting section 192JA of the Financial Services and Markets Act 2000)21st April 20162016/512
Section 133(2)(a)31st December 20142014/3160
Section 134 to 1371st March 20142014/377
Section 13921st March 20142014/772
Section 140(1) to (3)21st March 20142014/772
Section 140(4) to (6)21st March 20142014/785
Section 141 (partially)1st March 20142014/377
Section 141 (so far as not already in force)1st April 20142014/377
Schedule 11st March 20142014/377
Schedule 2, paragraph 4 (for the purpose of inserting section 48P of the Banking Act 2009)1st March 20142014/377
Schedule 2, paragraph 6(8) (for the purpose of inserting sections 60A and 60B of the Banking Act 2009)1st March 20142014/377
Schedule 2 (so far as not already in force)31st December 20142014/3160
Schedule 3, paragraph 2 (partially)25th July 20142014/1819
Schedule 3, paragraphs 7, 8, 9, 16(b)(i), 17(b)(i), 19(2)(b)(i) and 19(3)(b)(i)25th July 20142014/1819
Schedule 3 (so far as not already in force)7th March 20162015/490
Schedules 4 and 51st March 20142014/377
Schedule 6, paragraph 6 (partially)1st March 20142014/377
Schedule 8, paragraphs 3 and 9 (both partially)1st November 20142014/2458
Schedule 8, paragraphs 4, 5 and 71st November 20142014/2458
Schedule 8 (so far as not already in force)1st April 20152014/2458
Schedule 9, paragraph 426th March 20142015/428
Schedule 10 paragraphs 1, 2 and 4 to 91st March 20142014/377
Schedule 10 paragraph 31st April 20142014/377
Schedule 10 paragraph 10 (partially)1st March 20142014/377
Schedule 10 paragraph 10 (so far as not already in force)1st June 20142014/377