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The Financial Services (Banking Reform) Act 2013 (Commencement No. 11) Order 2016

Type Statutory-Instrument

Publication 2016-05-09

State In force

Department Queen's Printer of Acts of Parliament

Source legislation.gov.uk

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Made: 9th May 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[^f00001]:

Citation

1

This Order may be cited as the Financial Services (Banking Reform) Act 2013 (Commencement No. 11) Order 2016.

Appointed day for the coming into force of section 32 of the Financial Services (Banking Reform) Act 2013

2

10th May 2016 is the day appointed for the coming into force of section 32 (definition of misconduct) of the Financial Services (Banking Reform) Act 2013 so far as that section is not already in force.

Signed

George Hollingbery — Mel Stride — Two of the Lords Commissioners of Her Majesty’s Treasury — 9th May 2016

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order brings into force on 10th May 2016 section 32 of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the Act”) so far as that section is not already in force. This section relates to the regulation of persons performing functions in relation to financial services firms. This is the eleventh commencement order to be made under the Act.

This Order will have no effect on the costs of business and the voluntary sector independent of the provisions this Order brings into force. For that reason, no impact assessment has been produced for this instrument.

Footnotes

[^f00001]: 2013 c. 33.

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