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

• Citation: S.I. 2014/377
• Sections: 2

Section 1 Citation and interpretation

(1) This Order may be cited as the Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014.

(2) In this Order—

“ the Act ” means the Financial Services (Banking Reform) Act 2013;

“FSMA 2000” means the Financial Services and Markets Act 2000 .

Section 2 Appointed days for the coming into force of certain provisions of the Act

(1) 1st March 2014 is the day appointed for the coming into force of—

(a) the provisions of the Act listed in Part 1 of the Schedule for all purposes;

(b) the provisions of the Act listed in Part 2 of the Schedule for the purpose of making rules, orders or regulations; and

(c) section 141 (minor amendments) of the Act for the purpose of—

(i) introducing paragraphs 1, 2 and 4 to 9 of Schedule 10 to the Act; and

(ii) introducing paragraph 10 of that Schedule for the purpose of making orders.

(2) 1st April 2014 is the day appointed for the coming into force of—

(a) section 16 for all purposes;

(b) section 141 for the purpose of introducing paragraph 3 of Schedule 10 to the Act; and

(c) paragraph 3 of Schedule 10 to the Act for all purposes.

(3) 1st June 2014 is the day appointed for the coming into force of paragraph 10 of Schedule 10 in so far as that provision is not already in force.