Financial Services Act 2010 c.28

Financial Services Act 2010

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Financial Services Act 2010
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UK Public General Acts
2010 c. 28
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Changes to legislation:
There are currently no known outstanding effects for the Financial Services Act 2010.
Changes to Legislation
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Introductory Text
Objectives of FSA
etc
1.
Financial stability objective
2.
Enhancing public understanding of financial matters etc
3.
Meeting FSA's regulatory objectives
Remuneration of executives of authorised persons
4.
Executives' remuneration reports
5.
Executives' remuneration reports: supplementary
6.
Rules made by FSA about remuneration
Recovery and resolution plans
7.
Rules made by FSA about recovery and resolution plans
Short selling
8.
Power of FSA to prohibit, or require disclosure of, short selling
FSA's disciplinary powers
9.
Suspending permission to carry on regulated activities etc
10.
Removal of restriction on imposing a penalty and cancelling authorisation
11.
Performance of controlled function without approval
12.
Approved persons guilty of misconduct
13.
Publication of decision notices
Measures to protect consumers
14.
Consumer redress schemes
15.
Restrictions on provision of credit card cheques
Financial Services Compensation Scheme
16.
Contribution to costs of special resolution regime
17.
Power to require FSCS manager to act in relation to other schemes
Powers to require information
18.
Information relating to financial stability
19.
Asset protection scheme etc
Banking Act 2009
20.
Services forming part of recognised inter-bank payment systems
21.
Minor amendments of provision made by Banking Act 2009
Director of Savings
22.
Administration of court funds by Director of Savings
General
23.
Orders or regulations
24.
Minor and consequential amendments
25.
Extent
26.
Commencement
27.
Short title
SCHEDULES
SCHEDULE 1
Further provision about the consumer financial education body
1.
This is the Schedule 1A to be inserted in the...
2.
(1) This paragraph applies to rules under paragraph 12 of...
SCHEDULE 2
Minor and consequential amendments
Part 1 Amendments of Financial Services and Markets Act 2000
1.
The Financial Services and Markets Act 2000 is amended as...
2.
(1) Section 3 (market confidence) is amended as follows.
3.
Until the commencement of the repeal of section 4 (public...
4.
In section 5 (the protection of consumers), for subsection (3)...
5.
In section 10 (the Consumer Panel), for subsection (7) substitute—...
6.
(1) Section 14 (cases in which the Treasury may arrange...
7.
In the italic cross-heading before section 64, at the end...
8.
(1) Section 66 (performance of regulated activities: disciplinary powers) is...
9.
(1) Section 67 (disciplinary measures: procedure and right to refer...
10.
(1) Section 69 (statement of policy) is amended as follows....
11.
In section 138 (general rule-making power), omit subsections (3) and...
12.
In section 150(4) (actions for damages), after paragraph (a) (but...
13.
In section 155(9) (consultation: exception to general rule that cost...
14.
In section 157 (guidance), after subsection (3) insert—
15.
In section 165 (FSA's power to require information), in the...
16.
(1) Section 168 (appointment of persons to carry out investigations...
17.
In section 176(11)(a) (entry of premises under warrant), after “165”...
18.
(1) Section 207 (proposal to take disciplinary measures) is amended...
19.
(1) Section 208 (decision notice) is amended as follows.
20.
(1) Section 210 (statements of policy) is amended as follows....
21.
In section 212(2) (the scheme manager), after “those functions” insert...
22.
In section 219(3A) (scheme manager's power to require information), for...
23.
In section 221A(3) (delegation of functions of FSCS manager), after...
24.
(1) Section 223 (FSCS manager's management expenses) is amended as...
25.
(1) Section 224A (functions under the Banking Act 2009) is...
26.
In section 348(5)(d) (restrictions on disclosure of confidential information by...
27.
In section 354 (FSA's duty to co-operate with others), after...
28.
In section 391 (publication), for subsection (11) substitute—
29.
(1) Section 392 (warning and decision notices: third party rights...
30.
After section 415 insert— Powers of the Authority Powers of...
31.
In section 417(1) (definitions), after the definition of “UK authorised...
32.
After section 425 insert— Consumers: regulated activities etc carried on...
33.
(1) Section 429 (Parliamentary control of statutory instruments) is amended...
34.
(1) Schedule 1 (general provision about the FSA) is amended...
35.
(1) In Schedule 4 (treaty rights), paragraph 1 is amended...
Part 2 Amendments of other legislation
Consumer Credit Act 1974
36.
In section 25(2A)(b) of the Consumer Credit Act 1974 (evidence...
Contracting Out (Functions Relating to National Savings) Order 1998
37.
In article 3 of the Contracting Out (Functions Relating to...
Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Modification of Powers) Regulations 2006
38.
In the Financial Services and Markets Act 2000 (Markets in...
Banking Act 2009
39.
The Banking Act 2009 is amended as follows.
40.
In section 1(6) (table describing provisions of Part 1), in...
41.
In section 61(2)(b) (sources of compensation), for the words from...
42.
In section 83(2)(h) (supplemental), omit “- inserted by section 171...
43.
Omit section 171 (which made amendments of the Financial Services...
44.
In section 183(c) (interpretation of expressions for purposes of Part...
45.
In section 204(1)(a) (inter-bank payment systems: information), after “order” insert...
46.
Omit section 248 (which made an amendment of the Financial...
47.
In section 250(2) (collection of information by FSA relevant to...
48.
(1) Section 259 (statutory instruments) is amended as follows.
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