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Financial Services Act 2010

Powers to require information

20.The Act confers on the FSA a power to require certain types of person to provide specified information, where the FSA considers that the information or documents in question are or might be relevant to the stability of one or more aspects of the financial system.

21.The Act provides the Treasury with the power to require information or documents from participants or proposed participants in the Asset Protection Scheme or related schemes.

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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.


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