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The Financial Services (Banking Reform) Act 2013 (Commencement No. 6) Order 2014

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Appointed days for the coming into force of certain provisions of the Act

2.  1st November 2014 is the day appointed for the coming into force of—

(a)the following provisions of the Act for the purpose of enabling the Payment Systems Regulator, established under section 40 of the Act, to carry out functions under section 52 of the Competition Act 1998(1)—

(i)section 61 (the Regulator’s functions under the Competition Act 1998); and

(ii)section 67(2) (amendments relating to the Regulator’s competition powers); and

(b)section 129 of the Act, so far as it introduces the following provisions of Schedule 8 to the Act (functions of FCA under competition legislation)—

(i)for the purpose of enabling the Financial Conduct Authority to carry out functions under section 52 of the Competition Act 1998—

(aa)paragraph 3, so far as it inserts new sections 234J and 234M into the Financial Services and Markets Act 2000(2); and

(bb)paragraph 9; and

(ii)for all purposes—

(aa)paragraph 3, so far as it inserts new sections 234N and 234O into the Financial Services and Markets Act 2000; and

(bb)paragraphs 4, 5 and 7.

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