http://www.legislation.gov.uk/ukpga/2012/21/section/8/2017-06-27Financial Services Act 2012An 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.texttext/xmlenStatute Law Database2025-01-20Expert Participation2017-06-27 PART 2 Amendments of Financial Services and Markets Act 2000<Emphasis>Regulated activities</Emphasis>Orders under section 22 of FSMA 200081Schedule 2 to FSMA 2000 (regulated activities) is amended as follows.2In paragraph 25(1)—aafter “22(1)” insert “ or (1A) ”, andbfor “the Authority”, in each place, substitute “ either regulator ”.3For paragraph 26 substitute—<Emphasis>Parliamentary control</Emphasis>261This paragraph applies to any order made under section 22(1) or (1A) which contains a statement by the Treasury that, in their opinion, the effect (or one of the effects) of the proposed order would be that an activity which is not a regulated activity would become a regulated activity.2No order to which this paragraph applies may be made unless—aa draft of the order has been laid before Parliament and approved by a resolution of each House, orbsub-paragraph (4) applies.3Sub-paragraph (4) applies if an order to which this paragraph applies also contains a statement that the Treasury are of the opinion that, by reason of urgency, it is necessary to make the order without a draft being so laid and approved.4Where this sub-paragraph applies the order—amust be laid before Parliament after being made, andbceases to have effect at the end of the relevant period unless before the end of that period the order is approved by a resolution of each House of Parliament (but without that affecting anything done under the order or the power to make a new order).5The “relevant period” is a period of 28 days beginning with the day on which the order is made.6In calculating the relevant period no account is to be taken of any time during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than 4 days.S. 8 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1