Financial Services Act 2010
Objectives of FSA etc
1Financial stability objective
2Enhancing public understanding of financial matters etc
3Meeting FSA's regulatory objectives
Remuneration of executives of authorised persons
4Executives' remuneration reports
5Executives' remuneration reports: supplementary
6Rules made by FSA about remuneration
Recovery and resolution plans
7Rules made by FSA about recovery and resolution plans
Short selling
8Power of FSA to prohibit, or require disclosure of, short selling
FSA's disciplinary powers
9Suspending permission to carry on regulated activities etc
10Removal of restriction on imposing a penalty and cancelling authorisation
11Performance of controlled function without approval
12Approved persons guilty of misconduct
13Publication of decision notices
Measures to protect consumers
14Consumer redress schemes
15Restrictions on provision of credit card cheques
Financial Services Compensation Scheme
16Contribution to costs of special resolution regime
17Power to require FSCS manager to act in relation to other schemes
Powers to require information
18Information relating to financial stability
19Asset protection scheme etc
Banking Act 2009
20Services forming part of recognised inter-bank payment systems
21Minor amendments of provision made by Banking Act 2009
Director of Savings
22Administration of court funds by Director of Savings
General
23Orders or regulations
24Minor and consequential amendments
25Extent
26Commencement
27Short title
SCHEDULES
SCHEDULE 1Further provision about the consumer financial education body
1This is the Schedule 1A to be inserted in the...
2(1) This paragraph applies to rules under paragraph 12 of...
SCHEDULE 2Minor and consequential amendments
Part 1Amendments of Financial Services and Markets Act 2000
1The Financial Services and Markets Act 2000 is amended as...
2(1) Section 3 (market confidence) is amended as follows.
3Until the commencement of the repeal of section 4 (public...
4In section 5 (the protection of consumers), for subsection (3)...
5In section 10 (the Consumer Panel), for subsection (7) substitute—...
6(1) Section 14 (cases in which the Treasury may arrange...
7In the italic cross-heading before section 64, at the end...
8(1) Section 66 (performance of regulated activities: disciplinary powers) is...
9(1) Section 67 (disciplinary measures: procedure and right to refer...
10(1) Section 69 (statement of policy) is amended as follows....
11In section 138 (general rule-making power), omit subsections (3) and...
12In section 150(4) (actions for damages), after paragraph (a) (but...
13In section 155(9) (consultation: exception to general rule that cost...
14In section 157 (guidance), after subsection (3) insert—
15In section 165 (FSA's power to require information), in the...
16(1) Section 168 (appointment of persons to carry out investigations...
17In section 176(11)(a) (entry of premises under warrant), after “165”...
18(1) Section 207 (proposal to take disciplinary measures) is amended...
19(1) Section 208 (decision notice) is amended as follows.
20(1) Section 210 (statements of policy) is amended as follows....
21In section 212(2) (the scheme manager), after “those functions” insert...
22In section 219(3A) (scheme manager's power to require information), for...
23In section 221A(3) (delegation of functions of FSCS manager), after...
24(1) Section 223 (FSCS manager's management expenses) is amended as...
25(1) Section 224A (functions under the Banking Act 2009) is...
26In section 348(5)(d) (restrictions on disclosure of confidential information by...
27In section 354 (FSA's duty to co-operate with others), after...
28In section 391 (publication), for subsection (11) substitute—
29(1) Section 392 (warning and decision notices: third party rights...
30After section 415 insert— Powers of the Authority Powers of...
31In section 417(1) (definitions), after the definition of “UK authorised...
32After section 425 insert— Consumers: regulated activities etc carried on...
33(1) Section 429 (Parliamentary control of statutory instruments) is amended...
34(1) Schedule 1 (general provision about the FSA) is amended...
35(1) In Schedule 4 (treaty rights), paragraph 1 is amended...
Part 2Amendments of other legislation
Consumer Credit Act 1974
36In section 25(2A)(b) of the Consumer Credit Act 1974 (evidence...
Contracting Out (Functions Relating to National Savings) Order 1998
37In article 3 of the Contracting Out (Functions Relating to...
Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Modification of Powers) Regulations 2006
38In the Financial Services and Markets Act 2000 (Markets in...
Banking Act 2009
39The Banking Act 2009 is amended as follows.
40In section 1(6) (table describing provisions of Part 1), in...
41In section 61(2)(b) (sources of compensation), for the words from...
42In section 83(2)(h) (supplemental), omit “- inserted by section 171...
43Omit section 171 (which made amendments of the Financial Services...
44In section 183(c) (interpretation of expressions for purposes of Part...
45In section 204(1)(a) (inter-bank payment systems: information), after “order” insert...
46Omit section 248 (which made an amendment of the Financial...
47In section 250(2) (collection of information by FSA relevant to...
48(1) Section 259 (statutory instruments) is amended as follows.

Financial Services Act 2010

2010 c. 28

An Act to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make provision for the administration of court funds by the Director of Savings.

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—