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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2012/21/section/116/2019-04-06</dc:identifier><dc:title>Financial Services Act 2012</dc:title><dc:description>An Act to amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-04-20</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2019-04-06</dct:valid>
					
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					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2012/21/notes/contents" title="Explanatory Notes Table of Contents"/>
					
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					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2012/21/contents/2019-04-06" title="Table of Contents"/>
					
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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/notes"/><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2012/21/pdfs/ukpgaen_20120021_en.pdf" Date="2013-01-17" Title="Explanatory Note" Size="1175217"/></ukm:Alternatives>       
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/body/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/body" NumberOfProvisions="388" RestrictStartDate="2019-04-06"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/part/10/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/10" NumberOfProvisions="10" id="part-10" RestrictStartDate="2017-03-01"><Number>
          <Strong>PART 10</Strong>
        </Number><Title>General</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/part/10/crossheading/orders/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/10/crossheading/orders" NumberOfProvisions="2" RestrictStartDate="2012-12-19" id="part-10-crossheading-orders"><Title><Emphasis>Orders</Emphasis></Title><P1group RestrictStartDate="2012-12-19"><Title>Orders: Parliamentary control</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116" id="section-116"><Pnumber PuncAfter="">116</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/1/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/1" id="section-116-1"><Pnumber>1</Pnumber><P2para><Text>A statutory instrument containing (alone or with other provision) an order to which subsection (2) applies may not be made unless a draft of the instrument has been laid before Parliament and approved by a resolution of each House.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/2/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/2" id="section-116-2"><Pnumber>2</Pnumber><P2para><Text>This subsection applies to—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/2/a/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/2/a" id="section-116-2-a"><Pnumber>a</Pnumber><P3para><Text>an order under section 37(2) (power to amend sections 391 and 395 of FSMA 2000);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/2/b/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/2/b" id="section-116-2-b"><Pnumber>b</Pnumber><P3para><Text>an order under Part  3 (mutual societies);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/2/c/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/2/c" id="section-116-2-c"><Pnumber>c</Pnumber><P3para><Text>an order under section 107 (power to make further provision about regulation of consumer credit);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/2/d/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/2/d" id="section-116-2-d"><Pnumber>d</Pnumber><P3para><Text>an order under section 118 (power to make further consequential amendments) that amends or repeals primary legislation.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/3/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/3" id="section-116-3"><Pnumber>3</Pnumber><P2para><Text>A statutory instrument containing an order under this Act, other than an instrument to which section 94 or subsection (1) applies or an instrument containing only provision made under section 122 (commencement), is subject to annulment in pursuance of a resolution of either House of Parliament.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/4/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/4" id="section-116-4"><Pnumber>4</Pnumber><P2para><Text>In this section  “<Term id="term-primary-legislation">primary legislation</Term>” means—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/4/a/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/4/a" id="section-116-4-a"><Pnumber>a</Pnumber><P3para><Text>an Act of Parliament,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/4/b/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/4/b" id="section-116-4-b"><Pnumber>b</Pnumber><P3para><Text>an Act of the Scottish Parliament,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/4/c/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/4/c" id="section-116-4-c"><Pnumber>c</Pnumber><P3para><Text>a Measure or Act of the National Assembly for Wales, or</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/116/4/d/2019-04-06" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/116/4/d" id="section-116-4-d"><Pnumber>d</Pnumber><P3para><Text>Northern Ireland legislation.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary></Legislation>