The Financial Markets and Insolvency Regulations 2009

Statutory Instruments

2009 No. 853

Financial Services And Markets

The Financial Markets and Insolvency Regulations 2009

Made

1st April 2009

Laid before Parliament

3rd April 2009

Coming into force

15th June 2009

The Treasury—

(a)

with the Secretary of State, in exercise of the powers conferred by sections 158(4) and (5), 185 and 186(1) of the Companies Act 1989(1) and now vested in them jointly(2),

(b)

in exercise of the powers conferred by sections 155(4) and (5) and 187(3) of the Companies Act 1989(3) and now vested in them(4), and

(c)

in exercise of the powers conferred by sections 286 and 428(3) of the Financial Services and Markets Act 2000(5), with the approval of the Secretary of State required by section 286(2) of that Act,

make the following Regulations:

(1)

1989 c. 40. Section 158 was amended by the Enterprise Act 2002 (c. 40), section 248(3) and Schedule 17. Section 185 was amended by S.I. 2001/3649.

(2)

The powers originally vested in the Secretary of State under sections 158(4) and (5), 185 and 186(1) of the Companies Act 1989 are now exercisable by the Secretary of State jointly with the Treasury – see the Transfer of Functions (Financial Services) Order 1992 (S.I. 1992/1315).

(3)

Section 155 was amended by S.I. 1991/880 and S.I. 1998/1748.

(4)

The powers originally vested in the Secretary of State under sections 155 and 187(3) are now vested in the Treasury (see S.I. 1992/1315).

(5)

2000 c. 8. Section 286 was amended by S.I. 2006/2975 and S.I. 2007/126.