Search Legislation

The Financial Services and Markets Act 2000 (Consumer Credit) (Miscellaneous Provisions) Order 2014

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 8

 Help about opening options

Alternative versions:

Changes to legislation:

The Financial Services and Markets Act 2000 (Consumer Credit) (Miscellaneous Provisions) Order 2014, Section 8 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Legal professional privilegeU.K.

This section has no associated Explanatory Memorandum

8.—(1) The FCA is entitled to claim legal professional privilege or, in Scotland, confidentiality of communications in respect of legally privileged information disclosed to the FCA by the Office of Fair Trading (“the OFT”).

(2) In this article, “legally privileged information” means information received or generated by the OFT, before 1st April 2014, in respect of which the OFT would have been able, before that date, to maintain a claim to legal professional privilege or, in Scotland, to confidentiality of communications in legal proceedings.

(3) For the purposes of this article, legally privileged information is to be treated as disclosed to the FCA by the OFT if it is contained in a document transferred by the OFT to the FCA—

(a)under a transfer scheme made under Part 2 of Schedule 21 to the Financial Services Act 2012(1) (property, rights and liabilities of Office of Fair Trading); or

(b)otherwise in connection with functions of the FCA becoming exercisable in respect of an activity which—

(i)ceases on 1st April 2014 to be an activity in respect of which a licence under section 21 of the Consumer Credit Act 1974 (businesses needing a licence)(2) is required or would be required but for the exemption conferred by subsection (2), (3) or (4) of that section or paragraph 15(3) in Part 2 of Schedule 3 to the Financial Services and Markets Act 2000 (grant of permission)(3), and

(ii)becomes on that date a regulated activity for the purposes of the Financial Services and Markets Act 2000.

Commencement Information

I1Art. 8 in force at 26.2.2014, see art. 1(2)

(2)

1974 c.39. Section 21 amended by the Consumer Credit Act 2006 (c.14), section 33, and the Energy Act 2011 (c.16), section 26.

(3)

Paragraph 15(3) amended by the Consumer Credit Act 2006, section 33, and the Enterprise Act 2002 (c.40), Schedule 25, paragraph 40(1) and (19)(a).

Back to top

Options/Help