http://www.legislation.gov.uk/uksi/2016/512/madeThe Financial Services (Banking Reform) Act 2013 (Commencement No. 10) Order 2016enKing's Printer of Acts of Parliament2016-10-11BANKS AND BANKING This Order brings into force on 21st April 2016 certain provisions of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the Act”). 2016 No. 512 (C. 31) Banks And Banking The Financial Services (Banking Reform) Act 2013 (Commencement <Abbreviation Expansion="Number">No.</Abbreviation> 10) Order 2016 Made 19th April 2016 The Treasury make the following Order in exercise of the powers conferred by section 148(5) and (6) of the Financial Services (Banking Reform) Act 2013: Citation and interpretation 1 1 This Order may be cited as the Financial Services (Banking Reform) Act 2013 (Commencement No. 10) Order 2016. 2 In this Order— “the Act” means the Financial Services (Banking Reform) Act 2013; “FSMA” means the Financial Services and Markets Act 2000. Appointed date for the coming into force of certain provisions of the Act 2 21st April 2016 is the day appointed for the coming into force of— a section 4 (ring-fencing of certain activities) of the Act for the purpose of inserting section 142H (ring-fencing rules) of FSMA; and b section 133 (power of the FCA and PRA to make rules applying to parent undertakings) of the Act for the purpose of inserting section 192JA (rules applying to parent undertakings of ring fenced bodies) of FSMA. Charlie Elphicke Guto Bebb Two of the Lords Commissioners of Her Majesty’s Treasury 19th April 2016 EXPLANATORY NOTE (This note is not part of the Order)

This Order brings into force on 21st April 2016 certain provisions of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the Act”).

Section 4 (ring-fencing of certain activities) of the Act (partially commenced on 1st March 2014) is brought into force for the additional purpose of inserting section 142H (ring-fencing rules) of the Financial Services and Markets Act 2000 (c. 8) (“FSMA”). Section 133 (power of the FCA and PRA to make rules applying to parent undertakings) of the Act (partially commenced on 31st December 2014) is brought into force for the additional purpose of inserting section 192JA (rules applying to parent undertakings of ring fenced bodies). Sections 142H and 192JA of FSMA relate to the appropriate regulator’s powers to make rules for ring-fenced bodies and parent undertakings of ring-fenced bodies. A ring fenced body is a UK institution that falls within the definition in section 142A of FSMA. This is the tenth commencement order to be made under the Act.

An impact assessment of the effect that ring fencing will have on the costs of business, the voluntary sector and the public sector has been prepared and is available on HM Treasury’s website (www.gov.uk/treasury) or from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ. No separate impact assessment has been produced for this Order.

 NOTE AS TO EARLIER COMMENCEMENT ORDERS (This note is not part of the Order)

The following provisions of the Act have been brought into force by commencement orders made before the date of this Order:
ProvisionDate of CommencementS.I. No.
Section 4 (partially)1st March 20142014/377
Section 61st March 20142014/377
Section 1331st December 20142014/3160
Sections 14 and 151st March 20142014/377
Section 161st April 20142014/377
Section 17 (partially)1st March 20142014/377
Section 17 (so far as not already in force)31st December 20142014/3160
Section 18 (partially)25th July 20142014/1819
Section 18 (so far as not already in force)7th March 20162015/490
Section 1925th July 20142014/1819
Section 20 (partially)25th July 20142014/1819
Section 20 (so far as not already in force)7th March 20162015/490
Sections 21 to 267th March 20162015/490
Sections 27 and 2825th July 20142014/1819
Section 29 (partially)25th July 20142014/1819
Section 29 (for the purpose of inserting section 63F of the Financial Services and Markets Act 2000)7th March 20162015/490
Section 29 (so far as not already in force)7th March 20172015/490
Section 30 (partially)25th July 20142014/1819
Section 30 (partially)7th March 20162015/490
Section 31 (partially)25th July 20142014/1819
Section 31 (so far as not already in force)7th March 20162015/490
Section 32 (partially)7th March 20162015/490
Section 3325th July 20142014/1819
Section 347th March 20162015/490
Section 35 (partially)25th July 20142014/1819
Section 35 (so far as not already in force)7th March 20162015/490
Section 36 to 387th March 20162015/490
Sections 39 to 581st March 20142014/377
Section 591st April 20142014/823
Section 60(1), (2), (3) and (7)1st April 20142014/823
Section 60 (so far as not already in force)1st April 20152014/2458
Section 61 (partially)1st November 20142014/2458
Section 61 (so far as not already in force)1st April 20152014/2458
Section 621st April 20152014/2458
Sections 63 to 661st April 20142014/823
Section 67(2) (partially)1st November 20142014/2458
Section 67(3), (4) and (5)1st April 20142014/823
Section 67 (so far as not already in force)1st April 20152014/2458
Sections 68 to 1101st March 20142014/377
Section 121(1) (partially)1st March 20142014/377
Section 121(3) (partially)1st March 20142014/377
Section 129 (partially)1st November 20142014/2458
Section 129 (so far as not already in force)1st April 20152014/2458
Section 1301st March 20142014/377
Section 1321st March 20142014/377
Section 133(1) (for the purpose of inserting section 192JB of the Financial Services and Markets Act 2000)31st December 20142014/3160
Section 133(2)(a)31st December 20142014/3160
Section 134 to 1371st March 20142014/377
Section 13921st March 20142014/772
Section 140(1) to (3)21st March 20142014/772
Section 140(4) to (6)21st March 20142014/785
Section 141 (partially)1st March 20142014/377
Section 141 (so far as not already in force)1st April 20142014/377
Schedule 11st March 20142014/377
Schedule 2, paragraph 4 (for the purpose of inserting section 48P of the Banking Act 2009)1st March 20142014/377
Schedule 2, paragraph 6(8) (for the purpose of inserting sections 60A and 60B of the Banking Act 2009)1st March 20142014/377
Schedule 2 (so far as not already in force)31st December 20142014/3160
Schedule 3, paragraph 2 (partially)25th July 20142014/1819
Schedule 3, paragraphs 7, 8, 9, 16(b)(i), 17(b)(i), 19(2)(b)(i) and 19(3)(b)(i)25th July 20142014/1819
Schedule 3 (so far as not already in force)7th March 20162015/490
Schedules 4 and 51st March 20142014/377
Schedule 6, paragraph 6 (partially)1st March 20142014/377
Schedule 8, paragraphs 3 and 9 (both partially)1st November 20142014/2458
Schedule 8, paragraphs 4, 5 and 71st November 20142014/2458
Schedule 8 (so far as not already in force)1st April 20152014/2458
Schedule 9, paragraph 426th March 20142015/428
Schedule 10 paragraphs 1, 2 and 4 to 91st March 20142014/377
Schedule 10 paragraph 31st April 20142014/377
Schedule 10 paragraph 10 (partially)1st March 20142014/377
Schedule 10 paragraph 10 (so far as not already in force)1st June 20142014/377

2013 c. 33. 2000 c. 8.