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Statutory Instruments
Financial Services And Markets
Made
13th March 2013
Coming into force
2nd April 2013
In the opinion of the Treasury, one of the effects of the following Order is that an activity which is not a regulated activity (within the meaning of the Financial Services and Markets Act 2000(1)) will become a regulated activity.
The Treasury, in exercise of the powers conferred by sections 22(1A)(2) and (5), and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 2000 make the following Order:
In accordance with paragraph 26 of Schedule 2 to that Act, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.
2000 c.8 as amended, most recently by the Financial Services Act 2012 (c. 21). Section 6 inserts sections 1G and 1H, section 11 inserts sections 55A, 55E, 55F, 55H, 55J, 55L and 55Z, section 24 inserts sections 138I and 139D and section 6 and Schedule 3 insert Schedule 1ZA.
Section 22(1A) is inserted by section 7 of the Financial Services Act 2012.
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Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
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