Explanatory Notes

Financial Services Act 2012

2012 CHAPTER 21

19 December 2012

Commentary

Part 7 – Offences Relating to Financial Services

Section 94: affirmative procedure for certain orders

551.Section 94 provides that the first order to be made under section 93 and any subsequent order which extends the scope of an offence under Part 7 is to be subject to the draft affirmative procedure. Other orders under section 93 are subject to the negative procedure.