(This note is not part of the Order)

This Order amends Orders previously made under the Financial Services and Markets Act 2000 (c. 8) ("FSMA") and also makes miscellaneous additional provision needed for the implementation of FSMA.

Part I provides for commencement and interpretation. Most of the provisions come into force on 1st December 2001 when the main provisions of FSMA, in particular section 19 (the general prohibition) come into force: see Financial Services and Markets Act 2000 (Commencement No. 7) Order 2001 (S.I. 2001/3538 (C. 115)).

Part II contains amendments to earlier Orders made, most of which themselves come into force on 1 December 2001.