The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014

Article 2(1)

SCHEDULE

PART 1 Provisions of the Act coming into force on 1st March 2014 for all purposes—

• Section 6, and Schedule 1 (ring-fencing transfer schemes);

• Sections 14 and 15 (financial services compensation scheme);

• Sections 39 to 58 and 68 to 110, and Schedules 4 and 5 (regulation of payment systems);

• Section 130 (competition as a secondary objective of the PRA);

• Section 132 (role of FCA Consumer Panel in relation to PRA);

• Section 134 (duty to meet auditors of certain institutions);

• Section 135 (fees to meet Treasury expenditure relating to international organisations);

• Section 136 (amendments of section 429 of FSMA 2000);

• Section 137 (accounts of Bank of England and its wholly-owned subsidiaries);

• Schedule 10, paragraphs 1, 2 and 4 to 9.

PART 2 Provisions of the Act coming into force on 1st March 2014 for the purpose of making rules, orders or regulations

• Section 4 (ring-fencing of certain activities) for the purpose of inserting sections 142A, 142B, 142C, 142D, 142E, 142F, 142I, 142W, 142X, 142Y, 142Z, 142Z1 of FSMA 2000;

• Section 17(1) (bail-in stabilisation option) for the purpose of introducing—

  (a)

  paragraph 4 of Schedule 2 as far as it inserts section 48P of the Banking Act 2009(1), and

  (b)

  paragraph 6(8) of Schedule 2 as far as it inserts sections 60A and 60B of that Act;

• Section 17(2) to (5);

• Section 121(1) (conduct of administration, transfer schemes etc) for the purpose of introducing paragraph 6 of Schedule 6 to the Act;

• Section 121(3);

• Schedule 10, paragraph 10.

(1)

2009 c. 1.