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Textual Amendments
F1S. 248 omitted (8.6.2010) by virtue of Financial Services Act 2010 (c. 28), s. 26(2)(e), Sch. 2 para. 46
Commencement Information
I1S. 248 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 9
(1)A reference in an enactment to functions conferred on the Financial Services Authority by or under the Financial Services and Markets Act 2000 (or any part of it) includes a reference to functions conferred on the Authority by or under this Act.
(2)A reference in an enactment to functions of the Financial Services Authority includes a reference to functions conferred by or under this Act (irrespective of whether the enactment was passed or made before or after the commencement of this Act).
(3)The Treasury may by order disapply subsection (1) or (2) to a specified extent; and an order—
(a)shall be made by statutory instrument, and
(b)may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.
(4)At the end of section 1 of the Financial Services and Markets Act 2000 (the Authority) add—
“(4)Section 249 of the Banking Act 2009 provides for references to functions of the Authority (whether generally or under this Act) to include references to functions conferred on the Authority by that Act (subject to any order under that section).”
Commencement Information
I2S. 249 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 9
I3S. 249 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 9
(1)The Financial Services Authority shall collect information that it thinks is or may be relevant to the stability of—
(a)individual financial institutions, or
(b)one or more aspects of the financial systems of the United Kingdom.
(2)The Authority may perform its function under subsection (1) by the exercise of the power in section 165 [F2or 165A] of the Financial Services and Markets Act 2000 (power to require information–as qualified[F3, in the case of the section 165 power, ] by section 249 above) or in any other way.
Textual Amendments
F2Words in s. 250(2) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), s. 26(2)(e), Sch. 2 para. 47(a)
F3Words in s. 250(2) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), s. 26(2)(e), Sch. 2 para. 47(b)
Commencement Information
I4S. 250 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 9