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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2012/21/section/94/2017-03-01</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>2017-03-01</dct:valid>
					
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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/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/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/body" NumberOfProvisions="388" RestrictEndDate="2026-07-13" RestrictStartDate="2017-03-01" RestrictExtent="E+W+S+N.I."><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/part/7/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/part/7" NumberOfProvisions="7" RestrictEndDate="2020-12-01" id="part-7" RestrictStartDate="2016-07-03" RestrictExtent="E+W+S+N.I."><Number>
          <Strong>PART 7</Strong>
        </Number><Title>Offences relating to financial services</Title><P1group RestrictStartDate="2013-01-24"><Title>Affirmative procedure for certain orders</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94" id="section-94"><Pnumber PuncAfter="">94<CommentaryRef Ref="key-7798aac9ec069e7d6821f1f5748b20e9"/></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/1/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/1" id="section-94-1"><Pnumber>1</Pnumber><P2para><Text>This section applies to the first order made under section 93.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/2/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/2" id="section-94-2"><Pnumber>2</Pnumber><P2para><Text>This section also applies to any subsequent order made under that section which contains a statement by the Treasury that the effect of the proposed order would include one or more of the following—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/2/a/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/2/a" id="section-94-2-a"><Pnumber>a</Pnumber><P3para><Text>that an activity which is not specified for the purposes of subsection (3)(a) of that section would become one so specified,</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/2/b/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/2/b" id="section-94-2-b"><Pnumber>b</Pnumber><P3para><Text>that an investment which is not a relevant investment would become a relevant investment;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/2/c/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/2/c" id="section-94-2-c"><Pnumber>c</Pnumber><P3para><Text>that a benchmark which is not a relevant benchmark would become a relevant benchmark.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2012/21/section/94/3/2017-03-01" IdURI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94/3" id="section-94-3"><Pnumber>3</Pnumber><P2para><Text>A statutory instrument containing (alone or with other provisions) an order to which this section 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></P1para></P1></P1group></Part></Body></Primary><Commentaries><Commentary id="key-7798aac9ec069e7d6821f1f5748b20e9" Type="I"><Para><Text><CitationSubRef SectionRef="section-94" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/94" id="c5dmshge2-00163">S. 94</CitationSubRef> in force at 24.1.2013  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/113" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="113" Title="The Financial Services Act 2012 (Commencement No. 1) Order 2013" id="c5dmshge2-00164">S.I. 2013/113</Citation>, <CitationSubRef SectionRef="article-2-1-a" URI="http://www.legislation.gov.uk/id/uksi/2013/113/article/2/1/a" CitationRef="c5dmshge2-00164" id="c5dmshge2-00165">art. 2(1)(a)</CitationSubRef>, <CitationSubRef SectionRef="schedule-part-1" URI="http://www.legislation.gov.uk/id/uksi/2013/113/schedule/part/1" CitationRef="c5dmshge2-00164" Operative="true" id="c5dmshge2-00166">Sch. Pt. 1</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>