Statutory Instrument 1987 No. 1997 (c. 59)
The Financial Services Act 1986 (Commencement) (No.6) Order 1987
(The document as of February, 2008)
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STATUTORY INSTRUMENTS
1987 No. 1997 (c. 59)
FINANCIAL SERVICES
The Financial Services Act 1986 (Commencement) (No.6) Order 1987
The Secretary of State, in exercise of his powers under section 211(1) of the Financial Services Act 1986[1], hereby makes the following Order.
1. This Order may be cited as the Financial Services Act 1986 (Commencement) (No.6) Order 1987.
2. Section 62 of the Financial Services Act 1986 shall come into force on 1st December 1987 except for the purposes of the application of subsection (1) of that section to a contravention such as is mentioned in subsection (2) and in relation to any such contravention shall come into force on 3rd October 1988.
3. Subject to the provisions of Article 4 below, section 140 of the Financial Services Act 1986 shall come into force on 1st December 1987 insofar as it is necessary to bring paragraph 22(4) and (5) of Schedule 11 to that Act into force and, subject as aforesaid, paragraph 22(4) and (5) of that Schedule shall come into force on that date.
4. Section 140 of the Financial Services Act 1986 and paragraph 22(4) of Schedule 11 to that Act shall not come into force on 1st December 1987 for the purposes of making a contravention of the kind described in paragraph 22(4)(d) actionable at the suit of a person of the kind described in that paragraph; but that section and that paragraph shall come into force for that purpose on 3rd October 1988.
5. The provisions specified in Schedule 1 to this Order shall come into force on 23rd November 1987.
6. The provisions specified in Schedule 2 to this Order shall come into force on 1st December 1987.
Francis Maude
Parliamentary Under-Secretary of State, Department of Trade and Industry
21st November 1987
Notes:[1] 1987 c. 12.
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