Statutory Instrument 2001 No. 1226

      The Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001


      © Crown Copyright 2001

      Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

      The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

      It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

      The text of this Internet version of the Statutory Instrument which is published by the Queen's Printer of Acts of Parliament has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001, ISBN 0 11 029197 2. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.

      Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.

      To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.


STATUTORY INSTRUMENTS


2001 No. 1226

FINANCIAL SERVICES AND MARKETS

The Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001

  Made 27th March 2001 
  Coming into force 28th March 2001 

Whereas:

    (1) This Order contains the first provision to be made in exercise of the power conferred by section 326 of the Financial Services and Markets Act 2000[1];

    (2) In accordance with section 429(6) and (7) of that Act, a draft of this Order has been laid before, and approved by a resolution of, each House of Parliament;

     Now, therefore, the Treasury, in exercise of the powers conferred on them by section 326 of that Act, hereby make the following Order:-

Citation, commencement and interpretation
     1.  - (1) This Order may be cited as the Financial Services and Markets Act 2000 (Designated Professional Bodies) Order 2001.

    (2) This Order comes into force on the day after the day on which it is made.

    (3) In this Order, "the Act" means the Financial Services and Markets Act 2000.

Designated professional bodies
    
2. The following bodies are designated under section 326(1) of the Act for the purposes of Part XX of the Act - 

    (a) the Law Society;

    (b) the Law Society of Scotland;

    (c) the Law Society of Northern Ireland;

    (d) the Institute of Chartered Accountants in England and Wales;

    (e) the Institute of Chartered Accountants of Scotland;

    (f) the Institute of Chartered Accountants in Ireland;

    (g) the Association of Chartered Certified Accountants;

    (h) the Institute of Actuaries.


Greg Pope

Clive Betts
Two of the Lords Commissioners of Her Majesty's Treasury

27th March 2001



EXPLANATORY NOTE

(This note is not part of the Order)


This Order designates, for the purposes of Part XX of the Financial Services and Markets Act 2000, eight bodies which regulate solicitors, accountants and actuaries in the exercise of their respective professions. The effect of this designation is to enable members of these bodies (subject to other conditions set out in section 327 of the Act) to be exempt from the requirement to obtain permission from the Financial Services Authority in order to carry out certain regulated activities.


Notes:

[1] 2000 c. 8.back



ISBN 0 11 029197 2


 

Other UK SIs | Home | National Assembly for Wales Statutory Instruments | Scottish Statutory Instruments | Statutory Rules of Northern Ireland |  Her Majesty's Stationery Office


We welcome your comments on this site
© Crown copyright 2001
Prepared 5 April 2001