<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/2012/21/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21" NumberOfProvisions="1083" 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/81/2014-08-01</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>2025-01-20</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2014-08-01</dct:valid>
					
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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/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/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/body" NumberOfProvisions="386" RestrictStartDate="2014-08-01"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/part/5/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/5" NumberOfProvisions="17" RestrictEndDate="2017-06-27" id="part-5" RestrictStartDate="2014-04-01" 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/investigations/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/5/crossheading/investigations" NumberOfProvisions="10" RestrictStartDate="2014-03-01" id="part-5-crossheading-investigations"><Title><Emphasis>Investigations</Emphasis></Title><P1group RestrictStartDate="2014-03-01" RestrictExtent="E+W+S+N.I."><Title>Publication of directions</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81" id="section-81"><Pnumber PuncAfter=""><CommentaryRef Ref="key-dcb9d41a959b5e92d461329ea34e6961"/>81</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/1/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/1" id="section-81-1"><Pnumber>1</Pnumber><P2para><Text>This section applies to a direction given by the Treasury under any of the following provisions—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/1/a/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/1/a" id="section-81-1-a"><Pnumber>a</Pnumber><P3para><Text>section 73(4);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/1/b/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/1/b" id="section-81-1-b"><Pnumber>b</Pnumber><P3para><Text>section 74(5);</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/1/ba/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/1/ba" id="section-81-1-ba"><Pnumber><Addition ChangeId="key-6b5e4a921df22135edfbf1f7e9f03997-1473767173721" CommentaryRef="key-6b5e4a921df22135edfbf1f7e9f03997">ba</Addition></Pnumber><P3para><Text><Addition ChangeId="key-6b5e4a921df22135edfbf1f7e9f03997-1473767173721" CommentaryRef="key-6b5e4a921df22135edfbf1f7e9f03997">section 76A(4);</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/1/c/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/1/c" id="section-81-1-c"><Pnumber>c</Pnumber><P3para><Text>section 78(5).</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/2/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/2" id="section-81-2"><Pnumber>2</Pnumber><P2para><Text>As soon as practicable after giving the direction, the Treasury must—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/2/a/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/2/a" id="section-81-2-a"><Pnumber>a</Pnumber><P3para><Text>lay before Parliament a copy of the direction, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/2/b/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/2/b" id="section-81-2-b"><Pnumber>b</Pnumber><P3para><Text>publish the direction in such manner as the Treasury think fit.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/81/3/2014-08-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/81/3" id="section-81-3"><Pnumber>3</Pnumber><P2para><Text>Subsection (2) does not apply where the Treasury consider that publication of the direction would be against the public interest.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-dcb9d41a959b5e92d461329ea34e6961" Type="I"><Para><Text>S. 81 in force at 1.4.2013  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="c5ezcq1z2-00876" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef id="c5ezcq1z2-00877" CitationRef="c5ezcq1z2-00876" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef id="c5ezcq1z2-00878" CitationRef="c5ezcq1z2-00876" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule" Operative="true">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-6b5e4a921df22135edfbf1f7e9f03997" Type="F"><Para><Text>S. 81(1)(ba) inserted (1.3.2014) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2013/33" id="canq27n62-00007" Class="UnitedKingdomPublicGeneralAct" Year="2013" Number="33" Title="Financial Services (Banking Reform) Act 2013">Financial Services (Banking Reform) Act 2013 (c. 33)</Citation>, <CitationSubRef id="canq27n62-00008" CitationRef="canq27n62-00007" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/106/9" SectionRef="section-106-9" Operative="true">ss. 106(7)</CitationSubRef>, <CitationSubRef id="canq27n62-00009" CitationRef="canq27n62-00007" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/148/5" SectionRef="section-148-5">148(5)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/377" id="canq27n62-00010" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="377" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014">S.I. 2014/377</Citation>, <CitationSubRef id="canq27n62-00011" CitationRef="canq27n62-00010" URI="http://www.legislation.gov.uk/id/uksi/2014/377/article/2/1/a" SectionRef="article-2-1-a">art. 2(1)(a)</CitationSubRef>, <CitationSubRef id="canq27n62-00012" CitationRef="canq27n62-00010" URI="http://www.legislation.gov.uk/id/uksi/2014/377/schedule/part/1" SectionRef="schedule-part-1">Sch. Pt. 1</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>