(This note is not part of the Order)
This Order brings into force certain provisions of the Financial Services Act 2012 (c.21) ("the Act") into force. This is the first commencement order to be made under the Act.
The provisions listed in Part 1 of the Schedule to this Order are brought into force for all purposes on 24th January 2013. Those provisions confer powers on the Treasury to make subordinate legislation or contain definitions of expressions used in the Act.
The provisions listed in Part 2 of the Schedule are brought into force on 24th January 2013 for the purpose of the Treasury making orders and regulations.
The provisions in Part 3 of the Schedule are brought into force on 24th January 2013 for the specific purposes indicated in this Part of the Schedule. The provisions commenced by this Part of the Schedule include powers for the Financial Conduct Authority and Prudential Regulation Authority ("the new regulators") to make rules and give guidance, to make codes of practice
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