Statutory Instruments
Financial Services And Markets
Made
20th July 2015
Laid before Parliament
21st July 2015
Coming into force in accordance with article 1
The Treasury are a government department designated M1 for the purposes of section 2(2) of the European Communities Act 1972 M2 in relation to financial services.
The Treasury make this Order in exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972 and section 22(1) of the Financial Services and Markets Act 2000 M3.
Marginal Citations
M21972 c. 68. Section 2(2) was amended by section 27(1)(a) of the Legislative and Regulatory Reform Act 2006 (c. 51) and the European Union (Amendment) Act 2008 (c. 7), Schedule, Part 1. By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51) legislation may be made under section 2(2) of the European Communities Act to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17th March 1992 (Cm 2183).
M32000 c. 8. Section 22(5) provides that “specified” means specified in an order made by the Treasury. Paragraph 25(1)(f) of Schedule 2 to that Act provides that an order under section 22(1) may make such consequential, transitional or supplemental provision as the Treasury consider appropriate for purposes of, or connected with, any relevant provision, and “relevant provision” is defined in sub-paragraph (3) of that paragraph to include any provision made under section 22.