The Financial Services and Markets Act 2000 (Commencement No. 1) Order 2001

PART 1 PROVISIONS COMING INTO FORCE FOR ALL PURPOSES

• Section 22 (regulated activities)

• Section 38 (exemption orders)

• Section 41(1) (meaning of “the threshold conditions”)

• Section 79(3) (persons responsible for listing particulars)

• Section 86 (application of Part VI to prospectuses)

• Subsections (4) and (5) of section 87 (approval of prospectuses where no application for listing)

• Section 103 (interpretation of Part VI)

• Section 118(3), (4) and (10) (prescribed markets and qualifying investments)

• Section 132(3) (Financial Services and Markets Tribunal rules)

• Section 134 and 135 (legal assistance scheme)

• Section 137(6) (Tribunal rules: appeals)

• Section 142 (insurance business: regulations supplementing Authority’s rules), except for subsection (5)

• Section 144(4) and (5) (order limiting Authority’s power to make price stabilising rules)

• Section 145(5) (order limiting Authority’s power to make financial promotion rules)

• Section 192(a) (power to provide exemptions from obligation to notify change of control)

• Subsections (6), (8) and (9) of section 215 (rights of compensation scheme in relevant person’s insolvency)

• Sections 235 to 237 (collective investment schemes—interpretation)

• Subsections (1) to (3) of section 239 (single property schemes)

• Section 262 (open-ended investment companies)

• Section 286 (recognition requirements for recognised investment exchanges and clearing houses)

• Section 313 (interpretation of Part XVIII)

• Section 326 (designation of professional bodies)

• Sections 334(1) and (2), 335, 336(1) and (2), 337, 338(1) and (2) and 339 (powers to transfer functions in relation to mutual societies)

• Subsection (5) of section 342 (information given by auditor or actuary to the Authority)

• Subsection (5) of section 343 (information given by auditor or actuary to the Authority: persons with close links)

• Section 351(7) (meaning of “specified enactment” for the purposes of restriction on disclosure of competition information)

• Section 353 (removal of other restrictions on disclosure)

• Subsections (9) to (14) of section 397 (misleading statements and practices: miscellaneous offences)

• Section 409 (Gibraltar)

• Subsections (1) to (3) of section 414 (service of notices)

• Subsections (4) and (5) of section 416 (provisions relating to industrial assurance etc)

• Section 417 (interpretation)

• Section 419 (carrying on regulated activities by way of business)

• Sections 420 to 423 (meaning of parent and subsidiary undertaking etc.)

• Subsections (1) and (2) of section 424 (meaning of expressions relating to insurance)

• Section 425 (meaning of expressions relating to authorisation elsewhere in the single market)(1)

• Sections 426 and 427 (consequential, supplementary and transitional provisions)

• Section 429 (Parliamentary control of statutory instruments)

• Schedule 2 (regulated activities)

• Schedule 9 (non-listing prospectuses), except for paragraph 7

• Schedule 11 (offers of securities)

• Paragraph 6(2) of Schedule 12 (meaning of “commitment” for purposes of insurance business transfer schemes)

• Paragraph 9 of Schedule 13 (Tribunal rules)

(1)

Section 425 was amended by S.I. 2000/2952 (regulation 8(4)).