(This note is not part of the Order)

This Order brings into force, on 18th June 2001, the provisions of the Financial Services and Markets Act 2000 ("the Act") listed in the Schedule. They include provisions -

• relating to the constitution of the Financial Services Authority ("the Authority");
• providing for the establishment of the scheme manager of the Financial Services Compensation Scheme under Part XV of the Act;
• providing for the establishment of the ombudsman scheme operator under Part XVI of the Act (to be known as the Financial Ombudsman Service);
• conferring rule-making powers on the Authority and on the ombudsman scheme operator, and related procedural provisions;
• imposing restrictions on the disclosure of confidential information;
• relating generally to criminal offences, and to criminal and civil proceedings, under the Act.