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					<dc:identifier>http://www.legislation.gov.uk/ukpga/1986/60/section/126</dc:identifier><dc:title>Financial Services Act 1986 (repealed)</dc:title><dc:modified>2025-07-08</dc:modified><dc:description>Financial Services Act 1986 (repealed)</dc:description><dc:date>1986-11-07</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dct:valid>2001-12-01</dct:valid>
					
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</ukm:DocumentClassification><ukm:Year Value="1986"/><ukm:Number Value="60"/><ukm:EnactmentDate Date="1986-11-07"/><ukm:UnappliedEffects><ukm:UnappliedEffect Created="2014-03-14T15:51:33.106Z" AffectingURI="http://www.legislation.gov.uk/id/uksi/2003/708" AffectingYear="2003" AffectedNumber="60" Type="Commencement Order" AffectingClass="UnitedKingdomStatutoryInstrument" RequiresApplied="true" AffectedClass="UnitedKingdomPublicGeneralAct" Notes="commencement order for 2001 c. 16" AffectedYear="1986" AffectingNumber="708" EffectId="key-7bef1e7d106dbcd2c9cc0e303b971b26" Modified="2014-03-14T15:51:33.106Z" AffectingProvisions="art. 2" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1986/60" AffectedProvisions="specified amended provision(s)" URI="http://www.legislation.gov.uk/id/effect/uksi-2003-708-adw9qsb1-40"><ukm:AffectedTitle>Financial Services Act 1986 (Repealed)</ukm:AffectedTitle><ukm:AffectedTitle>Financial Services Act 1986</ukm:AffectedTitle><ukm:AffectedProvisions>specified amended provision(s)</ukm:AffectedProvisions><ukm:AffectingTitle>The Criminal Justice and Police Act 2001 (Commencement No. 9) Order 2003</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/uksi/2003/708/article/2">art. 2</ukm:Section></ukm:AffectingProvisions><ukm:Commenced>commencement order for <ukm:Citation Class="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/ukpga/2001/16" Year="2001" Number="16" Title="Criminal Justice and Police Act 2001">2001 c. 16</ukm:Citation></ukm:Commenced></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingProvisions="art. 2" Modified="2015-04-20T08:39:56Z" AffectedYear="1986" AffectingNumber="74" AffectedNumber="60" Notes="commencement order for 2000 asp 7" Row="9" Created="2015-04-20T08:39:56Z" AffectedClass="UnitedKingdomPublicGeneralAct" EffectId="key-ad12665e356341b845e58810e44b0bf3" AffectingYear="2003" AffectingURI="http://www.legislation.gov.uk/id/ssi/2003/74" RequiresApplied="true" AffectingClass="ScottishStatutoryInstrument" URI="http://www.legislation.gov.uk/id/effect/ssi-2003-74-qxmwnl31-9" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1986/60" AffectedProvisions="specified amended provision(s)" Type="Commencement Order"><ukm:AffectedTitle>Financial Services Act 1986 (Repealed)</ukm:AffectedTitle><ukm:AffectedTitle>Financial Services Act 1986</ukm:AffectedTitle><ukm:AffectedProvisions>specified amended provision(s)</ukm:AffectedProvisions><ukm:AffectingTitle>The Ethical Standards in Public Life etc. (Scotland) Act 2000 (Commencement No. 3) Order 2003</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="article-2" URI="http://www.legislation.gov.uk/id/ssi/2003/74/article/2">art. 2</ukm:Section></ukm:AffectingProvisions><ukm:Commenced>commencement order for <ukm:Citation Class="ScottishAct" URI="http://www.legislation.gov.uk/id/asp/2000/7" Year="2000" Number="7" Title="Ethical Standards in Public Life etc. (Scotland) Act 2000">2000 asp 7</ukm:Citation></ukm:Commenced></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/body" NumberOfProvisions="229" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/part/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/part/I" NumberOfProvisions="139" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="part-I"><Number><CommentaryRef Ref="c1519688"/><CommentaryRef Ref="c1519689"/>Part I</Number><Title> Regulation of Investment Business</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/part/I/chapter/XIV" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/part/I/chapter/XIV" NumberOfProvisions="10" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="part-I-chapter-XIV"><Number>Chapter XIV</Number><Title> Prevention of Restrictive Practices</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/part/I/chapter/XIV/crossheading/consequential-exemptions-from-competition-law" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/part/I/chapter/XIV/crossheading/consequential-exemptions-from-competition-law" NumberOfProvisions="3" RestrictExtent="E+W+S+N.I." RestrictEndDate="2001-12-01" Match="false" id="part-I-chapter-XIV-crossheading-consequential-exemptions-from-competition-law"><Title> Consequential exemptions from competition law</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2000-03-01" RestrictEndDate="2001-12-01" Match="false"><Title><Addition ChangeId="d30p15567"> The Competition Act 1980.</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/section/126" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/section/126" id="section-126">
<Pnumber><CommentaryRef Ref="c1520228"/><Addition ChangeId="d30p15567">126</Addition></Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/section/126/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/section/126/1" id="section-126-1">
<Pnumber><Addition ChangeId="d30p15567">1</Addition></Pnumber>
<P2para>
<Text><Addition ChangeId="d30p15567">No course of conduct constituting any such practice as is mentioned in section 119(2) or 121(2) above shall constitute an anti-competitive practice for the purposes of the </Addition><CommentaryRef Ref="c1520229"/><Addition ChangeId="d30p15567">Competition Act 1980.</Addition></Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1986/60/section/126/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1986/60/section/126/2" id="section-126-2">
<Pnumber><Addition ChangeId="d30p15567">2</Addition></Pnumber>
<P2para>
<Text><Addition ChangeId="d30p15567">Where a recognition order or delegation order is revoked, there shall not be treated as an anti-competitive practice for the purposes of that Act any such course of conduct as is mentioned in subsection (1) above which occurred while the order was in force.</Addition></Text>
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</P1></P1group></Pblock></Chapter></Part></Body></Primary><Commentaries><Commentary id="c1519669" Type="F"><Para><Text>Act repealed (1.12.2001) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2001/3649" id="d10e2" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="3649" Title="The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001">The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649)</Citation>, <CitationSubRef CitationRef="d10e2" id="ccd8e5202507081609448630100" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="d10e2" id="ccd8e8202507081609448630100" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/3/1/c" Operative="true" SectionRef="article-3-1-c">3(1)(c)</CitationSubRef> (with savings in <CitationSubRef CitationRef="d10e2" id="ccd8e11202507081609448630100" URI="http://www.legislation.gov.uk/id/uksi/2001/3649/article/292" SectionRef="article-292">art. 292</CitationSubRef>)</Text></Para></Commentary><Commentary id="c1519688" Type="C">
<Para>
<Text><CitationSubRef id="ugz3rk95-d3e31381a1310" URI="http://www.legislation.gov.uk/id/ukpga/1986/60/part/I" SectionRef="part-I">Pt. I</CitationSubRef> (ss. 1-128) amended (S.) (22.5.2000) by <Citation id="ugz3rk95-d3e31384a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/121" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="121">S.I. 2000/121</Citation>, <CitationSubRef id="ugz3rk95-d3e31387a1310" CitationRef="ugz3rk95-d3e31384a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/121/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e31390a1310" CitationRef="ugz3rk95-d3e31384a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/121/regulation/37" SectionRef="regulation-37">37</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e31393a1310" CitationRef="ugz3rk95-d3e31384a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/121/schedule/2" Operative="true" SectionRef="schedule-2">Sch. 2</CitationSubRef></Text>
</Para>
</Commentary><Commentary id="c1519689" Type="C">
<Para>
<Text><CitationSubRef id="ugz3rk95-d3e31398a1310" URI="http://www.legislation.gov.uk/id/ukpga/1986/60/part/I" SectionRef="part-I">Pt. I</CitationSubRef> (ss. 1–128): power to modify conferred (<Emphasis>prosp.</Emphasis>) by <Citation id="ugz3rk95-d3e31404a1310" URI="http://www.legislation.gov.uk/id/ukpga/1990/41" Year="1990" Class="UnitedKingdomPublicGeneralAct" Number="41" Title="Courts and Legal Services Act 1990">Courts and Legal Services Act 1990 (c. 41, SIF 76:1)</Citation>, <CitationSubRef id="ugz3rk95-d3e31407a1310" CitationRef="ugz3rk95-d3e31404a1310" URI="http://www.legislation.gov.uk/id/ukpga/1990/41/section/89" SectionRef="section-89">ss. 89</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e31410a1310" CitationRef="ugz3rk95-d3e31404a1310" URI="http://www.legislation.gov.uk/id/ukpga/1990/41/section/124/3" SectionRef="section-124-3">124(3)</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e31413a1310" CitationRef="ugz3rk95-d3e31404a1310" URI="http://www.legislation.gov.uk/id/ukpga/1990/41/schedule/14/paragraph/9/c" Operative="true" SectionRef="schedule-14-paragraph-9-c">Sch. 14 para. 9(c)</CitationSubRef></Text>
</Para>
</Commentary><Commentary id="c1520228" Type="F">
<Para>
<Text><CitationSubRef id="ugz3rk95-d3e36913a1310" URI="http://www.legislation.gov.uk/id/ukpga/1986/60/section/126" SectionRef="section-126">S. 126</CitationSubRef> repealed (1.3.2000) by <Citation id="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="41">1998 c. 41</Citation>, <CitationSubRef id="ugz3rk95-d3e36919a1310" CitationRef="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/3/1/b" SectionRef="section-3-1-b">ss. 3(1)(b)</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e36922a1310" CitationRef="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/74/3" SectionRef="section-74-3">74(3)</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e36925a1310" CitationRef="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/76/3" SectionRef="section-76-3">76(3)</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e36928a1310" CitationRef="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/2/part/I/paragraph/1/3" SectionRef="schedule-2-part-I-paragraph-1-3">Sch. 2 Pt. I para. 1(3)</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e36932a1310" CitationRef="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/schedule/14/part/I" Operative="true" SectionRef="schedule-14-part-I">Sch. 14 Pt. I</CitationSubRef> (with <CitationSubRef id="ugz3rk95-d3e36935a1310" CitationRef="ugz3rk95-d3e36916a1310" URI="http://www.legislation.gov.uk/id/ukpga/1998/41/section/73" SectionRef="section-73">s. 73</CitationSubRef>); <Citation id="ugz3rk95-d3e36938a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/344" Class="UnitedKingdomStatutoryInstrument" Year="2000" Number="344">S.I. 2000/344</Citation>, <CitationSubRef id="ugz3rk95-d3e36941a1310" CitationRef="ugz3rk95-d3e36938a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/344/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef id="ugz3rk95-d3e36944a1310" CitationRef="ugz3rk95-d3e36938a1310" URI="http://www.legislation.gov.uk/id/uksi/2000/344/schedule" Operative="true" SectionRef="schedule">Sch.</CitationSubRef></Text>
</Para>
</Commentary><Commentary id="c1520229" Type="M">
<Para>
<Text><Citation id="ugz3rk95-d3e36949a1310" URI="http://www.legislation.gov.uk/id/ukpga/1980/21" Year="1980" Class="UnitedKingdomPublicGeneralAct" Number="21">1980 c. 21</Citation>. </Text>
</Para>
</Commentary></Commentaries></Legislation>