Source: http://www.legislation.gov.uk/uksi/2018/848/made
Timestamp: 2018-09-19 13:51:16
Document Index: 564502236

Matched Legal Cases: ['art 6', 'art 6', 'art 6', 'art 6', 'art 6', 'art 2']

2018 No. 848 (C. 65)
The Treasury make the following Order in exercise of the power conferred by section 148(5) of the Financial Services (Banking Reform) Act 2013(1).
1.—(1) This Order may be cited as the Financial Services (Banking Reform) Act 2013 (Commencement No. 1) (England and Wales) Order 2018.
(2) In this Order “the Act” means the Financial Services (Banking Reform) Act 2013.
Appointed day for the coming into force of section 112 and other provisions of Part 6, so far as not already in force
2. So far as they extend to England and Wales, the following provisions of the Act come into force on 13th July 2018—
(a)section 112 of the Act for all purposes;
(b)section 121(1) and (3) of the Act, so far is that section is not already in force(2); and
(c)all other provisions of Part 6 of the Act (special administration for operators of certain infrastructure systems) for all purposes.
This Order commences section 112 of the Act for all purposes, section 121 of the Act, so far as not already in force, and all other provisions of Part 6 of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the Act”) on 13th July 2018, but only in England and Wales.
Part 6 of and Schedules 6 and 7 to the Act make provision for the special administration of infrastructure companies. An infrastructure company is a company which is—
the operator of a recognised payment system (as defined in section 113(1) of the Act), other than a recognised central counterparty (as defined by section 285 of the Financial Services and Markets Act 2000 (c. 8));
a recognised CSD operating a securities settlement system (this definition of an infrastructure company was inserted by the Central Securities Depositaries Regulations 2017 (S.I 2017/1064) and is subject to the saving provision set out in regulation 7(3)(b) of S.I 2017/1064); or
a company designated by the Treasury by order in certain circumstances.
An impact assessment was prepared for Part 6 of the Act and is available on HM Treasury’s website (www.gov.uk/treasury) or from HM Treasury, 1 Horse Guards Road, London SW1A 2HQ. This Order will have no separate impact on the costs of business and the voluntary sector, and for that reason no further impact assessment has been produced.
Section 4 (for the purpose of inserting section 142H of the Financial Services and Markets Act 2000) 21st April 2016 2016/512
Section 18 (so far as not already in force) 7th March 2016 2015/490
Section 20 (so far as not already in force) 7th March 2016 2015/490
Sections 21 to 26 7th March 2016 2015/490
Section 29 (partially) 25th July 2014 2014/1819
Section 29 (for the purpose of inserting section 63F of the Financial Services and Markets Act 2000) 7th March 2016 2015/490
Section 29 (so far as not already in force) 7th March 2017 2015/490
Section 30 (partially) 25th July 2014 2014/1819
Section 30 (partially) 7th March 2016 2015/490
Section 31 (partially) 25th July 2014 2014/1819
Section 31 (so far as not already in force) 7th March 2016 2015/490
Section 32 (partially) 7th March 2016 2015/490
Section 32 (so far as not already in force) 10th May 2016 2016/568
Section 34 7th March 2016 2015/490
Section 35 (so far as not already in force) 7th March 2016 2015/490
Sections 36 to 38 7th March 2016 2015/490
Section 60 (so far as not already in force) 1st April 2015 2014/458
Section 61 (partially) 1st November 2014 2014/458
Section 61 (so far as not already in force) 1st April 2015 2014/458
Section 62 1st April 2015 2014/458
Section 67(2) (partially) 1st November 2014 2014/458
Section 67 (so far as not already in force) 1st April 2015 2014/458
Section 129 (partially) 1st November 2014 2014/458
Section 129 (so far as not already in force) 1st April 2015 2014/458
Section 133 (so far as it inserts section 192JA of the Financial Services and Markets Act 2000) 21st April 2016 2016/512
Section 141 (partially) 1st April 2014 2014/377
Schedule 3 (so far as not already in force) 7th March 2016 2015/490
Schedule 6 (partially) 1st March 2014 2014/377
Schedule 8, paragraphs 3 and 9 (both partially) 1st November 2014 2014/458
Schedule 8, paragraphs 4, 5 and 7 1st November 2014 2014/458
Schedule 8 (so far as not already in force) 1st April 2015 2014/458
Schedule 9 (paragraph 4) 26th March 2015 2015/428
Section 121(1) and (3) was brought into force for limited purposes on 1st March 2014 by the Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014 (S.I. 2014/377), article 2(1)(b) and the Schedule, Part 2.