Financial Services Act 1986

1986 c. 60

An Act to regulate the carrying on of investment business; to make related provision with respect to insurance business and business carried on by friendly societies; to make new provision with respect to the official listing of securities, offers of unlisted securities, takeover offers and insider dealing; to make provision as to the disclosure of information obtained under enactments relating to fair trading, banking, companies and insurance; to make provision for securing reciprocity with other countries in respect of facilities for the provision of financial services; and for connected purposes.

C1C2C3C4C5C6C7I1Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Annotations:
Commencement Information
I1

Act partly in force at Royal Assent see s.211(1)(2).

Modifications etc. (not altering text)
C1

Act amended by S.I. 1988/496, art. 4

C2

Act amended by S.I. 1988/803, art. 5

C4

Certain functions under this Act (transferable in accordance with para. 28 of Sch. 11 to the Act) transferred by S.R. 1987/228, arts. 2, 3

C5

Certain functions under this Act transferred by S.I. 1988/738, art. 3

C6

Certain functions under this Act transferred by S.I. 1987/942, arts. 3–8, Schs. 1, 2, 3

C7

Power to apply conferred (prosp.) by Companies Act 1989 (c. 40, SIF 27), ss. 154, 155, 170(4)(6), 171(5)(b), 181, 215(2)