Explanatory Notes

Financial Services Act 2010

2010 CHAPTER 28

8 April 2010

Summary and Overview of the Structure of the Act

Powers to require information

20.The Act confers on the FSA a power to require certain types of person to provide specified information, where the FSA considers that the information or documents in question are or might be relevant to the stability of one or more aspects of the financial system.

21.The Act provides the Treasury with the power to require information or documents from participants or proposed participants in the Asset Protection Scheme or related schemes.