The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002

Made: 12th July 2002

Laid before Parliament: 12th July 2002

Coming into force

The Treasury, being a government department designated for the purposes of section 2(2) of the European Communities Act 1972 in relation to information society services, in exercise of the powers conferred by that section, and the powers conferred by sections 349(1), 414 and 428(3) of the Financial Services and Markets Act 2000, hereby make the following Regulations:

PART 1 — GENERAL

Citation and commencement

1

These Regulations may be cited as the Electronic Commerce Directive (Financial Services and Markets) Regulations 2002, and come into force—

• (a) for the purpose of enabling the Authority to make rules, on 18th July 2002;

• (b) otherwise, on 21st August 2002.

Interpretation

2

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PART 2 — MODIFICATION OF FUNCTIONS OF THE FINANCIAL CONDUCT AUTHORITY

Consumer contract requirements: modification of rule-making power

3

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Consumer contract requirements: information

4

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Application of certain rules

5

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PART 3 — ARTICLE 3.4 OF THE ELECTRONIC COMMERCE DIRECTIVE

Direction by Authority

6

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Policy conditions

7

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Procedural conditions

8

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Urgent cases

9

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Directions made under regulation 6

10

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Referral to the Tribunal

11

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PART 4 — ENFORCEMENT

Application of certain provisions of the 2000 Act

12

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PART 5 — AMENDMENT OF THE FINANCIAL SERVICES AND MARKETS ACT 2000

Amendment of sections 417 and 418 of the 2000 Act

13

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PART 6 — MISCELLANEOUS AND CONSEQUENTIAL PROVISIONS

Disclosure of information

14

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Notices

15

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Amendment of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

16

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Functions of the Authority

17

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Rights of action

18

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Signed

Nick Ainger — Jim Fitzpatrick — Two of the Lords Commissioners of Her Majesty’s Treasury — 2002-07-12

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: S.I. 2001/3495.

[^f00002]: 1972 c. 68. By virtue of the amendment of s. 1(2) made by s. 1 of the European Economic Area Act 1993 (c. 51) regulations may be made under s. 2(2) to implement obligations of the United Kingdom created by or arising under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17 March 1993 (Cm 2183).

[^f00003]: 2000 c. 8.

[^f00004]: Cm 2073.

[^f00005]: Cm 2183.

[^f00006]: O.J. No. L178, 17.7.2000, p.1.

[^f00007]: Article 72A is inserted by the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (Electronic Commerce Directive) Order 2002 (S.I. 2002/[ ]).

[^f00008]: S.I. 2001/544, amended by S.I. 2001/3544, S.I. 2002/682 and S.I. 2002/1310.

[^f00009]: O.J. No. L19, 24.1.89, p.16.

[^f00010]: O.J. No. L209, 24.7.92, p.25, as last amended by Directive 97/38/EEC of the Commission of the European Communities of 20 June 1997 amending Annex C to Council Directive 92/51/EEC on a second general system for the recognition of professional education and training to supplement Council Directive 89/48/EEC.

[^f00011]: O.J. No. L375, 31.12.85, p.3.

[^f00012]: S.I. 2001/2256.

[^f00013]: 2000 c. 8.

[^f00014]: S.I. 2001/1420.

[^f00015]: S.I. 2001/2188, amended by S.I. 2001/3437 and S.I. 2001/3624.

[^f00016]: S.I. 2001/2256.

Editorial notes

[^c8702761]: S.I. 2001/3495.

[^c8702771]: 1972 c. 68. By virtue of the amendment of s. 1(2) made by s. 1 of the European Economic Area Act 1993 (c. 51) regulations may be made under s. 2(2) to implement obligations of the United Kingdom created by or arising under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17 March 1993 (Cm 2183).

[^c8702781]: 2000 c. 8.

[^key-fa90f931aba8f9d320f21b1f43ecb8a4]: Reg. 19 inserted (21.8.2002) by The Electronic Commerce Directive (Financial Services and Markets) (Amendment) Regulations 2002 (S.I. 2002/2015), regs. 1, 2

[^key-00c24940e28094a893261bd82f2374a3]: Words in reg. 11 substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(f), Sch. 3 para. 38

[^key-0840cbc12bdc6dfea8df859a0c8ec8a2]: Words in Pt. 2 heading substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 77(3)

[^key-71e95d022d839cbf1c45de05eb0333e5]: Reg. 5 revoked (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 1

[^key-63bb975178784248872c27c2f839641a]: Pt. 3A inserted (24.3.2015) by The Electronic Commerce Directive (Financial Services and Markets) (Amendment) Order 2015 (S.I. 2015/852), arts. 1(2), 2(2)

[^key-38b8725cad03f9aecda3bb50feb42559]: Regs. 2-18 omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361), regs. 1(2), 6(2) (as amended by S.I. 2019/1390, regs. 1(2), 6); 2020 c. 1, Sch. 5 para. 1(1)

[^key-a7574cf9435e6ebc75d60225e4091f12]: Reg. 19(1) omitted (31.12.2020) by virtue of The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361), regs. 1(2), 6(3)(a) (as amended by S.I. 2019/1390, regs. 1(2), 6); 2020 c. 1, Sch. 5 para. 1(1)

[^key-d3bc8ac26fab75bfa959fd248cd4f339]: Reg. 19(2)(2A) substituted for reg. 19(2) (31.12.2020) by The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361), regs. 1(2), 6(3)(b) (as amended by S.I. 2019/1390, regs. 1(2), 6); 2020 c. 1, Sch. 5 para. 1(1)

[^key-b5f3e5a788c34349662018226f7ac2e7]: Words in reg. 19(5) inserted (31.12.2020) by The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361), regs. 1(2), 6(3)(c)(i) (as amended by S.I. 2019/1390, regs. 1(2), 6); 2020 c. 1, Sch. 5 para. 1(1)

[^key-07120d95ff851959c22538c6e19dd2bb]: Words in reg. 19(5) inserted (31.12.2020) by The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/1361), regs. 1(2), 6(3)(c)(ii) (as amended by S.I. 2019/1390, regs. 1(2), 6); 2020 c. 1, Sch. 5 para. 1(1)

Exclusion of general regulations

19

• (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (2) Regulation 4(3) of the general regulations does not apply to the Authority or any enforcement authority in respect of its responsibility in relation to a requirement imposed by or under the 2000 Act or these Regulations.

• (2A) Regulation 4(3) of the general regulations also does not apply to the Authority in respect of its responsibility in relation to a requirement imposed by or under regulations made by the Treasury under section 8 of the European Union (Withdrawal) Act 2018.

• (3) A rule that corresponds to a relevant regulation applies instead of that regulation.

• (4) The reference in regulation 22(a) of the general regulations to regulation 6(1)(c) of those regulations is to be taken to include a reference to a provision in a rule that corresponds to regulation 6(1)(c) (and so applies in its stead by virtue of paragraph (3)).

• (5) In this regulation—

• “the Authority” means the Financial Conduct Authority;

• “enforcement authority” has the same meaning as in the general regulations;

• “general regulations” means the Electronic Commerce (EC Directive) Regulations 2002;

• “rule” means a rule made by the Authority under the 2000 Act.

• “relevant regulation” means regulation 6 to 9, 11 or 15 of the general regulations.

Referral to the Upper Tribunal

PART 3A — INCOMING PROVIDERS OF CREDIT-RELATED ACTIVITIES DIRECTING ALL OR MOST OF THEIR ACTIVITY TO THE UNITED KINGDOM

Scope of this Part

11A

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Direction by Authority

11B

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Article 72A of the Regulated Activities Order

11C

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