- Latest available (Revised)
- Original (As enacted)
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)This section applies to orders or regulations under this Act made by the Treasury or the Secretary of State.
(2)Orders or regulations—
(a)may contain incidental, supplementary, consequential, transitory, transitional or saving provision, and
(b)may make different provision for different cases or circumstances.
(3)Orders or regulations are to be made by statutory instrument.
(4)Where orders or regulations are subject to “affirmative resolution procedure” the orders or regulations may not be made unless a draft of the statutory instrument containing them has been laid before, and approved by a resolution of, each House of Parliament.
(5)Where orders or regulations are subject to “negative resolution procedure” the statutory instrument containing them is subject to annulment in pursuance of a resolution of either House of Parliament.
(1)Schedule 2 contains minor and consequential amendments.
(2)In that Schedule—
Part 1 contains amendments of the Financial Services and Markets Act 2000, and
Part 2 contains amendments of other legislation.
(3)The Treasury or the Secretary of State may by order make such other provision amending, repealing or revoking any enactment as they consider necessary or expedient in consequence of any provision made by this Act.
(a)an enactment contained in subordinate legislation within the meaning of the Interpretation Act 1978,
(b)an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament,
(c)an enactment contained in, or in an instrument made under, Northern Ireland legislation, or
(d)an enactment contained in, or in an instrument made under, a Measure or Act of the National Assembly for Wales.
(5)An order under subsection (3) is subject to negative resolution procedure.
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
This Act extends to England and Wales, Scotland and Northern Ireland.
(1)The following provisions of this Act come into force on the day on which this Act is passed—
(b)section 2(1) and (5) to (8) (subject, in the case of subsection (6), to the exception mentioned in paragraph (k)),
(c)section 3(1) and (4),
(d)sections 4 and 5,
(f)sections 19 to 23,
(g)in section 24—
(i)subsections (1) and (2) so far as relating to the paragraphs of Schedule 2 mentioned in paragraph (l), and
(ii)subsections (3) to (5),
(k)Schedule 1 except so far as that Schedule relates to paragraph 13, 15 or 16 of Schedule 1A to the Financial Services and Markets Act 2000, and
(l)paragraphs 1 to 6, 11, 13, 16(1) and (2), 22, 24(1) and (2), 25, 27, 28, 30 to 32, 33(1) and (3), 34, 35, 37 to 45 and 48 of Schedule 2.
(2)The following provisions of this Act come into force at the end of the period of 2 months beginning with the day on which this Act is passed—
(a)section 3(2), (3) and (5),
(b)sections 6 to 12,
(d)section 24(1) and (2) so far as relating to the paragraphs of Schedule 2 mentioned in paragraph (e), and
(e)paragraphs 7 to 10, 12, 14, 15, 16(3), 17 to 20, 26, 29, 33(4), 46 and 47 of Schedule 2.
(3)The other provisions of this Act come into force on such day as the Treasury or the Secretary of State may by order appoint (and different days may be appointed for different purposes).
(4)The Treasury or the Secretary of State may by order make such provision as they consider necessary or expedient for transitory, transitional or saving purposes in connection with the commencement of any provision made by this Act.
This Act may be cited as the Financial Services Act 2010.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: