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

Statutory Instruments

2013 No. 555

Financial Services And Markets

The Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013

Made

7th March 2013

Coming into force

1st April 2013

In accordance with section 429(1) of the Financial Services and Markets Act 2000(1), a draft of this Order has been laid before Parliament and approved by a resolution of each House;

The Treasury, in exercise of the powers conferred by sections 55C and 428(3) of the Financial Services and Markets Act 2000(2) and section 118 of the Financial Services Act 2012(3), make the following Order:

(1)

2000 c.8. Section 429 was amended by section 49 of the Financial Services Act 2012 (c.21).

(2)

Sections 55A to 55Z4 inserted by section 11 of the Financial Services Act 2012. By virtue of paragraph 5 of Schedule 20 to that Act, the Treasury are obliged to make an order under section 55C of the Financial Services and Markets Act 2000 which amends or replaces Parts 1 and 2 of Schedule 6 to that Act and which makes provision as to which of the conditions set out in those Parts of that Schedule are to relate to the discharge by each of the Prudential Regulation Authority and the Financial Conduct Authority of its functions.