Statutory Instrument 1989 No. 1583 (C. 54)

      The Financial Services Act 1986 (Commencement) (No. 12) Order 1989

      © Crown Copyright 1989

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STATUTORY INSTRUMENTS

1989 No. 1583 (C. 54)

FINANCIAL SERVICES

The Financial Services Act 1986 (Commencement) (No. 12) Order 1989

Made 31st August 1989


    The Secretary of State in exercise of his powers under section 211(1) of the Financial Services Act 1986[1] hereby makes the following Order—
    Citation and interpretation
        1.—(1)  This Order may be cited as the Financial Services Act 1986 (Commencement) (No. 12) Order 1989.

        (2)  In this Order "the Act" means the Financial Services Act 1986.
    Provisions brought into force
        2.—(1)  Insofar as they are not yet in force, sections 24 and 86 of the Act shall come into force on 1st October 1989.

        (2)  Section 212(3) of and Schedule 17 to the Act shall come into force on 1st October 1989—

      (a)  to the extent necessary to repeal the Prevention of Fraud (Investments) Act (Northern Ireland) 1940[2] and the Prevention of Fraud (Investments) Act 1958;[3] for all remaining purposes and

      (b)  insofar as they provide for the repeal of words in the following enactments—

        (i)  the Tribunal and Inquiries Act 1971[4]; and

        (ii)  The House of Commons Disqualification Act 1975[5].



Eric Forth

Parliamentary Under Secretary of State Department of Trade and Industry

31st August 1989





EXPLANATORY NOTE

(This note is not part of the Order)

    This Order brings sections 24 and 86 of the Financial Services Act 1986 into force on 1st October 1989. Those sections implement Community obligations arising by virtue of Council Directive No. 85/611/EEC (O.J. No. L375/3) as amended by Council Directive No. 88/22O/EEC (O.J. No. L100/31). The relevant provisions concern the right of certain collective investment schemes constituted in other Member States to be recognised schemes for the purposes of the Financial Services Act 1986 and the right of the operators and trustees of such schemes to be authorised persons. The Order repeals the Prevention of Fraud (Investments) Act (Northern Ireland) 1940 and the Prevention of Fraud (Investments) Act 1958 for all remaining purposes with effect from 1st October 1989. It also brings certain related repeals into force.


NOTE AS TO EARLIER COMMENCEMENT ORDERS

(This note is not part of the Order)


    The following provisions of the Financial Services Act 1986 have been brought into force by commencement orders made before the date of this Order.
    Provisions of the Act S.I. No.
    s. 1 1986/2246
               1987/1997
               1987/2158
    s. 2 1986/2246
    ss. 3 and 4 1988/740
    s. 5 1986/2246
               1988/740
    ss. 6 and 7 1988/740
    ss. 8 to 11 1987/907
    s. 12 1987/1997
    ss. 13 and 14 1987/907
    s. 15 1987/907
               1988/740
    ss. 16 to 19 1987/907
    s. 20 1987/1997
    s. 21 1987/907
    ss. 22 and 23 1988/740
    s.24 (partially) 1988/740
    s. 25 1988/740
    ss. 26 to 30 1987/2158
    s. 31 1987/2158
               1988/740
    ss. 32 to 34 1988/740
    s. 35 1986/2246
               1988/740
    s. 36 1988/740
               1988/740
    s. 37 1987/907
               1987/1997
    s. 38 1987/907
               1988/740
    s. 39 1987/907
               1987/1997
    s. 40 1987/1997
    s. 41 1987/907
    s. 42 1986/2246
               1988/740
    s. 43 1987/2158
    s. 44 1988/740
    s. 45 1986/2246
               1988/740
    s. 46 1987/907
    s. 47 1988/740
    ss. 48 to 52 1987/907
    ss. 54 and 55 l987/907
    s. 56 1987/907
               1988/740
    s. 57 1988/740
    s. 58 (partially) 1988/740
    ss. 59 to 61 1988/740
    s. 62 1987/1997
    s. 63 1987/623
    ss. 64 to 75 1988/740
    s. 76 1988/740 } Articles 6(2) and 7 of S.I. 1988/740 were amended by S.I. 1988/995 and revoked by S.I. 1988/1960. Articles 3 and 4 of S.I. 1988/1960 were amended by 1988/740 S.I. 1988/2285
               1988/995
               1988/1960
               1988/2285
    ss. 77 to 85 1988/740
    s. 86 (partially) 1988/740
    ss. 87 to 95 1988/740
    s. 96 1987/1997
    ss. 97 to 101 1988/740
    ss. 102 and 103 1987/907
    s. 104 1987/907
               1988/740
    ss. 105 and 106 1986/2246
    s. 107 1987/907
    ss. 108 and 109 1988/740
    s. 110 1987/907
    s. 111 1988/740
    s. 112 1987/907
               1987/2158
               1988/740
    s. 113 1987/907
               1988/740
    ss. 114 to 118 1986/2246
    ss. 119 to 120 1987/907
    s. 121 1986/2246
    ss. 122 and 123 1986/2246
               1987/907
    s. 124 1986/2246
    s. 125 1987/907
               1988/995
    s. 126 1986/2246
    s. 127 1987/907
    s. 128 1986/2246
    s. 129 1986/2246
               1987/907
               1988/740
               1988/995
    ss. 130 and 131 1988/740
    s. 132 1986/2246
               1988/740
    s. 133 1988/740
    s. 134 (partially) 1986/2246
    ss. 135 and 136 1988/740
    s. 137 1986/2246
    s. 138 1986/2246
               1987/907
               1988/740
    s. 139 1986/2246
               1988/740
    s. 140 (partially) 1986/2246
               1987/907
               1987/1997
               1987/2158
               1988/740
    ss. 141 to 153 1986/2246
    s. 154 1986/2246
               1988/740
    ss. 155 to 157 1986/2246
    s. 160 (partially) 1988/740
    s. 162 (partially) 1988/740
    s. 169 1988/740
    s. 170 (partially) 1988/740
    ss. 172 and 173 1986/2246
    s. 174 1986/2246
               1988/740
    s. 175 1988/740
    s. 176 1986/2246
    s. 177 1986/1940
    s. 178 1986/1940
               1988/740
               1986/2246
    s. 179 1986/1940
               1986/2246
    s. 180 1986/1940
    s. 181 1986/2246
    s. 182 1986/1940
               1986/2031
               1986/2246
    ss. 183 and 184 1987/623
               1988/740
    s. 185 1987/623
    s. 186 1987/623
               1988/740
    s. 187 1986/2246
               1987/907
    s. 188 1986/2246
    s. 189 (partially) 1986/2246
               1987/1997
               1987/2158
    ss. 190 and 191 1987/907
    s. 192 1986/2246
    s. 194 1988/740
    s. 195 s.211(2)
    s. 196 1987/1997
    s. 197 1988/740
    s. 198 1986/1940
               1986/2246
               1987/907
               1988/740
    s. 199 1986/1940
               1986/2246
               1988/740
    s. 200 1986/1940
               1986/2246
               1987/907
               1987/2158
               1988/740
    s. 201 1986/1940
               1986/2246
               1987/623
               1988/740
    ss. 202 and 203 1986/1940
               1986/2246
    s. 204 1986/2246
    s. 205 1986/1940
               1986/2246
    s. 206 1987/907
    s. 207 1986/1940
               1986/2246
    s. 208 (partially) 1988/740
    ss. 209 and 210 1986/1940
               1986/2246
    s. 211 1986/2031
               1986/2246
               1987/907
               1987/2158
               1988/740
    s. 212 (partially) 1986/2031
               1986/2246
               1987/907
               1988/740
               1988/995
               1988/1960
               1988/2285
    Schedule 1 1986/2246
               1987/1997
               1987/2158
    Schedules 2 to 4 1987/907
    Schedule 5 1987/2158
    Schedule 6 1987/1997
    Schedules 7 to 9 1986/2246
    Schedule 10 1986/2246
               1987/907
               1988/740
               1988/995
    Schedule 11 1986/2246
               1987/907
               1987/1997
               1987/2158
               1988/740
    Schedule 12 1986/2246
    Schedule 13 1986/1940
               1986/2031
               1986/2246
    Schedule 14 (partially) 1986/2246
               1987/1997
               1987/2158
    Schedule 15 1986/2031
               1986/2246
               1987/907
               1987/2158
               1988/740
    Schedule 16 (partially) 1986/2246
               1987/907
               1988/740
    Schedule 17 (partially) 1986/2031
               1986/2246
               1988/740
               1988/995
               1988/1960
               1988/2285


ISBN 0 11 097583 9



Notes:

[1] 1986 c. 60 back

[2] 1940 c. 9 (N.I.) back

[3] 1958 c. 45 back

[4] 1971 c. 62 back

[5] 1975 c. 24 back

 
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