<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21" NumberOfProvisions="1082" RestrictEndDate="2020-12-01" xml:lang="en" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I."><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01</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>2026-08-12</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2013-04-01</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/2012/21/resources" title="More Resources"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/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"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/2012/21/2013-04-01" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/2012/21/introduction/2013-04-01" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/2012/21/body/2013-04-01" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/2012/21/schedules/2013-04-01" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2012/21/contents/2013-04-01" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2012/21/section/69" title="current"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2012/21/2013-04-01" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2012/21/section/68/2013-04-01" title="Provision; Section 68"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2012/21/section/68/2013-04-01" title="Provision; Section 68"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2012/21/section/70/2013-04-01" title="Provision; Section 70"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2012/21/section/70/2013-04-01" title="Provision; Section 70"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2012"/><ukm:Number Value="21"/><ukm:EnactmentDate Date="2012-12-19"/><ukm:ISBN Value="9780105421122"/><ukm:UnappliedEffects><ukm:UnappliedEffect Row="5" AffectingNumber="21" AffectingProvisions="s. 79(4)" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedYear="2012" EffectId="key-ddafed77c16b158e92911c3dc2d47b9d" RequiresApplied="true" Modified="2021-08-16T13:28:52Z" AffectedNumber="21" Comments="temp. until 15.5.2039" Type="power to apply conferred (temp.)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2012/21" URI="http://www.legislation.gov.uk/id/effect/key-ddafed77c16b158e92911c3dc2d47b9d" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2014" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2014/21" AffectedProvisions="Act" AffectingClass="UnitedKingdomPublicGeneralAct"><ukm:AffectedTitle>Financial Services Act 2012</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>Water Act 2014</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-79-4" URI="http://www.legislation.gov.uk/id/ukpga/2014/21/section/79/4">s. 79(4)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-94-3" URI="http://www.legislation.gov.uk/id/ukpga/2014/21/section/94/3">s. 94(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification="with effect in accordance with" OtherQualification="s. 83(1)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedProvisions="Act" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2014/21" AffectingClass="UnitedKingdomPublicGeneralAct" Type="power to apply conferred (temp.)" EffectId="key-ed4909ff0e3ce4d705d319ad81f3cf85" Modified="2021-08-16T13:28:52Z" Comments="temp. until 15.5.2039" AffectingProvisions="s. 81(10)" AffectingYear="2014" URI="http://www.legislation.gov.uk/id/effect/key-ed4909ff0e3ce4d705d319ad81f3cf85" AffectedYear="2012" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedNumber="21" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="21" Row="6" RequiresApplied="true"><ukm:AffectedTitle>Financial Services Act 2012</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>Water Act 2014</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-81-10" URI="http://www.legislation.gov.uk/id/ukpga/2014/21/section/81/10">s. 81(10)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-94-3" URI="http://www.legislation.gov.uk/id/ukpga/2014/21/section/94/3">s. 94(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification="with effect in accordance with" OtherQualification="s. 83(1)"/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/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>       
								</ukm:Notes> 
					<ukm:CorrectionSlips><ukm:CorrectionSlip URI="http://www.legislation.gov.uk/ukpga/2012/21/pdfs/ukpgacs_20120021_en.pdf" Date="2013-06-07" Title="Correction Slip" Size="12751"/></ukm:CorrectionSlips><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2012/21/pdfs/ukpga_20120021_en.pdf" Date="2012-12-21" Size="3168184"/></ukm:Alternatives>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="1088"/>
									<ukm:BodyParagraphs Value="385"/>
									<ukm:ScheduleParagraphs Value="703"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="0"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/body/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/body" NumberOfProvisions="385" RestrictEndDate="2013-06-06" RestrictStartDate="2013-04-01" RestrictExtent="E+W+S+N.I."><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/part/5/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/5" NumberOfProvisions="16" RestrictEndDate="2013-07-26" id="part-5" RestrictStartDate="2013-04-01" RestrictExtent="E+W+S+N.I."><Number>
          <Strong>PART 5</Strong>
        </Number><Title>Inquiries and investigations</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/part/5/crossheading/inquiries/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/5/crossheading/inquiries" NumberOfProvisions="5" RestrictEndDate="2013-07-26" id="part-5-crossheading-inquiries" RestrictStartDate="2013-04-01"><Title><Emphasis>Inquiries</Emphasis></Title><P1group RestrictStartDate="2013-04-01"><Title>Power to appoint person to hold an inquiry</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69" id="section-69"><Pnumber PuncAfter=""><CommentaryRef Ref="key-bd92cbd490228071ae04446514fa3b4a"/>69</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/1/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/1" id="section-69-1"><Pnumber>1</Pnumber><P2para><Text>If the Treasury decide to arrange for an inquiry to be held under this section, they may appoint such person as they consider appropriate to hold the inquiry.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/2" id="section-69-2"><Pnumber>2</Pnumber><P2para><Text>The Treasury may, by a direction to the appointed person, control—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2/a/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/2/a" id="section-69-2-a"><Pnumber>a</Pnumber><P3para><Text>the scope of the inquiry;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2/b/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/2/b" id="section-69-2-b"><Pnumber>b</Pnumber><P3para><Text>the period during which the inquiry is to be held;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2/c/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/2/c" id="section-69-2-c"><Pnumber>c</Pnumber><P3para><Text>the conduct of the inquiry;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/2/d/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/2/d" id="section-69-2-d"><Pnumber>d</Pnumber><P3para><Text>the making of reports.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/3/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/3" id="section-69-3"><Pnumber>3</Pnumber><P2para><Text>A direction may, in particular—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/3/a/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/3/a" id="section-69-3-a"><Pnumber>a</Pnumber><P3para><Text>confine the inquiry to particular matters;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/3/b/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/3/b" id="section-69-3-b"><Pnumber>b</Pnumber><P3para><Text>extend the inquiry to additional matters;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/3/c/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/3/c" id="section-69-3-c"><Pnumber>c</Pnumber><P3para><Text>require the appointed person to postpone the start of, or suspend, an inquiry until a specified time or until a further direction;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/3/d/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/3/d" id="section-69-3-d"><Pnumber>d</Pnumber><P3para><Text>require the appointed person to discontinue the inquiry or to take only such steps as are specified in the direction;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/69/3/e/2013-04-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69/3/e" id="section-69-3-e"><Pnumber>e</Pnumber><P3para><Text>require the appointed person to make such interim reports as are so specified.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-bd92cbd490228071ae04446514fa3b4a" Type="I"><Para><Text><CitationSubRef SectionRef="section-69" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/69" id="c5ezcq1z2-00743">S. 69</CitationSubRef> in force at 1.4.2013  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013" id="c5ezcq1z2-00744">S.I. 2013/423</Citation>, <CitationSubRef SectionRef="article-3" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" CitationRef="c5ezcq1z2-00744" id="c5ezcq1z2-00745">art. 3</CitationSubRef>, <CitationSubRef SectionRef="schedule" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" CitationRef="c5ezcq1z2-00744" Operative="true" id="c5ezcq1z2-00746">Sch.</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>