LegalizeThe European Communities (Designation) Order 2012
Made: 10th July 2012
Laid before Parliament: 17th July 2012
Coming into force: 7th August 2012
At the Court at Windsor Castle, the 10th day of July 2012Present,The Queen’s Most Excellent Majesty in Council
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Citation and interpretation
1
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Designation in relation to financial assistance for industry
2
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Designation in relation to administrative co-operation
3
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Designation in relation to financial services
4
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Designation in relation to firearms and ammunition
5
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Territorial restrictions
6
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Relationship with other designations
7
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Revocation of existing designations
8
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SCHEDULE 1 — REVOCATIONS OF DESIGNATIONS
| (1) | (2) | (3) |
|---|---|---|
| Orders revoked | References | Designation |
| The Transfer of Functions (Financial Services) Order 1992 | S.I 1992/1315 | Matters relating to listing of securities on a stock exchange and information concerning listed securities measures relating to prospectuses on offers of transferable securities to the public, and in relation to anything supplemental or incidental to those matters or measures. |
| The European Communities (Designation) (No 3) Order 1993 | S.I 1993/2661 | Measures relating to investment firms and to the provisions of investment services and to the operation of regulated markets and clearing or settlement systems. |
| The European Communities (Designation) (No. 4) Order 2000 | S.I 2000/3057 | Measures relating to securities and rights in securities. |
| The European Communities (Designation) (No. 4) Order 2002 | S.I 2002/2840 | Authorisation and regulation of insurance intermediaries. Collective investment in transferable securities and other liquid assets. |
| The European Communities (Designation) (No.3) Order 2004 | S.I 2004/1283 | The distance marketing of consumer financial services. |
| The European Communities (Designation) (No.5) Order 2004 | S.I 2004/2642 | Insider dealing and market manipulation. |
| European Communities (Designation) (No. 7) Order 2004 | SI. 2004/3328 | The listing of securities on a stock exchange and information concerning listed securities; and prospectuses on offers of transferable securities to the public and admission of securities to trading on a regulated market. |
Signed
Richard Tilbrook — Clerk of the Privy Council
Explanatory note
(This note is not part of the Order)
EXPLANATORY NOTE
In England, Wales and Northern Ireland, only “designated” Ministers and departments can exercise the powers in section 2(2) of the European Communities Act 1972 (c. 68) to make orders, rules, regulations and schemes. This is one of a series of Orders by which Ministers and departments are designated for the purposes of section 2(2) in relation to different subject areas.
Article 2 designates the Secretary of State in relation to financial assistance for industry.
Article 3 designates the Treasury in relation to administrative assistance in the field of taxation.
Article 4 designates the Treasury in relation to financial services.
Article 5 designates any Northern Ireland department to make subordinate legislation in relation to measures relating to firearms and ammunition.
Article 6 provides a territorial restriction on the scope of the designation in respect of any Northern Ireland department.
Article 7 provides that a new designation does not restrict the scope of designations in other Orders and allows Ministers and departments designated in relation to the same matters to legislate jointly as well as individually.
Article 8 revokes several existing designations which have now been superseded.
A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
Footnotes
[^f00001]: 1972 c.68; section 2(2) was amended by section 27(1)(a) of the Legislative and Regulatory Reform Act 2006 (c.51) and by the Schedule to the European Union (Amendment) Act 2008 (c.7).
[^f00002]: S.I. 2004/702 (N.13).
Editorial notes
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