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

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PART 1Provisions of the Act coming into force on 1st March 2014 for all purposes—

  • Section 6, and Schedule 1 (ring-fencing transfer schemes);

  • Sections 14 and 15 (financial services compensation scheme);

  • Sections 39 to 58 and 68 to 110, and Schedules 4 and 5 (regulation of payment systems);

  • Section 130 (competition as a secondary objective of the PRA);

  • Section 132 (role of FCA Consumer Panel in relation to PRA);

  • Section 134 (duty to meet auditors of certain institutions);

  • Section 135 (fees to meet Treasury expenditure relating to international organisations);

  • Section 136 (amendments of section 429 of FSMA 2000);

  • Section 137 (accounts of Bank of England and its wholly-owned subsidiaries);

  • Schedule 10, paragraphs 1, 2 and 4 to 9.

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