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Statutory Instrument 1989 No. 1583 (C. 54)

The Financial Services Act 1986 (Commencement) (No. 12) Order 1989

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

1989 No. 1583 (C. 54)

FINANCIAL SERVICES

The Financial Services Act 1986 (Commencement) (No. 12) Order 1989

Made31st August 1989


    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—
    Citation and interpretation
        1.—(1)  This Order may be cited as the Financial Services Act 1986 (Commencement) (No. 12) Order 1989.

        (2)  In this Order "the Act" means the Financial Services Act 1986.
    Provisions brought into force
        2.—(1)  Insofar as they are not yet in force, sections 24 and 86 of the Act shall come into force on 1st October 1989.

        (2)  Section 212(3) of and Schedule 17 to the Act shall come into force on 1st October 1989—

      (a)  to the extent necessary to repeal the Prevention of Fraud (Investments) Act (Northern Ireland) 1940[2] and the Prevention of Fraud (Investments) Act 1958;[3] for all remaining purposes and

      (b)  insofar as they provide for the repeal of words in the following enactments—

        (i)  the Tribunal and Inquiries Act 1971[4]; and

        (ii)  The House of Commons Disqualification Act 1975[5].



Eric Forth

Parliamentary Under Secretary of State Department of Trade and Industry

31st August 1989





EXPLANATORY NOTE

(This note is not part of the Order)

    This Order brings sections 24 and 86 of the Financial Services Act 1986 into force on 1st October 1989. Those sections implement Community obligations arising by virtue of Council Directive No. 85/611/EEC (O.J. No. L375/3) as amended by Council Directive No. 88/22O/EEC (O.J. No. L100/31). The relevant provisions concern the right of certain collective investment schemes constituted in other Member States to be recognised schemes for the purposes of the Financial Services Act 1986 and the right of the operators and trustees of such schemes to be authorised persons. The Order repeals the Prevention of Fraud (Investments) Act (Northern Ireland) 1940 and the Prevention of Fraud (Investments) Act 1958 for all remaining purposes with effect from 1st October 1989. It also brings certain related repeals into force.


NOTE AS TO EARLIER COMMENCEMENT ORDERS

(This note is not part of the Order)


    The following provisions of the Financial Services Act 1986 have been brought into force by commencement orders made before the date of this Order.
    Provisions of the ActS.I. No.
    s. 11986/2246
              1987/1997
              1987/2158
    s. 21986/2246
    ss. 3 and 41988/740
    s. 51986/2246
              1988/740
    ss. 6 and 71988/740
    ss. 8 to 111987/907
    s. 121987/1997
    ss. 13 and 141987/907
    s. 151987/907
              1988/740
    ss. 16 to 191987/907
    s. 201987/1997
    s. 211987/907
    ss. 22 and 231988/740
    s.24 (partially)1988/740
    s. 251988/740
    ss. 26 to 301987/2158
    s. 311987/2158
              1988/740
    ss. 32 to 341988/740
    s. 351986/2246
              1988/740
    s. 361988/740
              1988/740
    s. 371987/907
              1987/1997
    s. 381987/907
              1988/740
    s. 391987/907
              1987/1997
    s. 401987/1997
    s. 411987/907
    s. 421986/2246
              1988/740
    s. 431987/2158
    s. 441988/740
    s. 451986/2246
              1988/740
    s. 461987/907
    s. 471988/740
    ss. 48 to 521987/907
    ss. 54 and 55l987/907
    s. 561987/907
              1988/740
    s. 571988/740
    s. 58 (partially)1988/740
    ss. 59 to 611988/740
    s. 621987/1997
    s. 631987/623
    ss. 64 to 751988/740
    s. 761988/740} Articles 6(2) and 7 of S.I. 1988/740 were amended by S.I. 1988/995 and revoked by S.I. 1988/1960. Articles 3 and 4 of S.I. 1988/1960 were amended by 1988/740 S.I. 1988/2285
              1988/995
              1988/1960
              1988/2285
    ss. 77 to 851988/740
    s. 86 (partially)1988/740
    ss. 87 to 951988/740
    s. 961987/1997
    ss. 97 to 1011988/740
    ss. 102 and 1031987/907
    s. 1041987/907
              1988/740
    ss. 105 and 1061986/2246
    s. 1071987/907
    ss. 108 and 1091988/740
    s. 1101987/907
    s. 1111988/740
    s. 1121987/907
              1987/2158
              1988/740
    s. 1131987/907
              1988/740
    ss. 114 to 1181986/2246
    ss. 119 to 1201987/907
    s. 1211986/2246
    ss. 122 and 1231986/2246
              1987/907
    s. 1241986/2246
    s. 1251987/907
              1988/995
    s. 1261986/2246
    s. 1271987/907
    s. 1281986/2246
    s. 1291986/2246
              1987/907
              1988/740
              1988/995
    ss. 130 and 1311988/740
    s. 1321986/2246
              1988/740
    s. 1331988/740
    s. 134 (partially)1986/2246
    ss. 135 and 1361988/740
    s. 1371986/2246
    s. 1381986/2246
              1987/907
              1988/740
    s. 1391986/2246
              1988/740
    s. 140 (partially)1986/2246
              1987/907
              1987/1997
              1987/2158
              1988/740
    ss. 141 to 1531986/2246
    s. 1541986/2246
              1988/740
    ss. 155 to 1571986/2246
    s. 160 (partially)1988/740
    s. 162 (partially)1988/740
    s. 1691988/740
    s. 170 (partially)1988/740
    ss. 172 and 1731986/2246
    s. 1741986/2246
              1988/740
    s. 1751988/740
    s. 1761986/2246
    s. 1771986/1940
    s. 1781986/1940
              1988/740
              1986/2246
    s. 1791986/1940
              1986/2246
    s. 1801986/1940
    s. 1811986/2246
    s. 1821986/1940
              1986/2031
              1986/2246
    ss. 183 and 1841987/623
              1988/740
    s. 1851987/623
    s. 1861987/623
              1988/740
    s. 1871986/2246
              1987/907
    s. 1881986/2246
    s. 189 (partially)1986/2246
              1987/1997
              1987/2158
    ss. 190 and 1911987/907
    s. 1921986/2246
    s. 1941988/740
    s. 195s.211(2)
    s. 1961987/1997
    s. 1971988/740
    s. 1981986/1940
              1986/2246
              1987/907
              1988/740
    s. 1991986/1940
              1986/2246
              1988/740
    s. 2001986/1940
              1986/2246
              1987/907
              1987/2158
              1988/740
    s. 2011986/1940
              1986/2246
              1987/623
              1988/740
    ss. 202 and 2031986/1940
              1986/2246
    s. 2041986/2246
    s. 2051986/1940
              1986/2246
    s. 2061987/907
    s. 2071986/1940
              1986/2246
    s. 208 (partially)1988/740
    ss. 209 and 2101986/1940
              1986/2246
    s. 2111986/2031
              1986/2246
              1987/907
              1987/2158
              1988/740
    s. 212 (partially)1986/2031
              1986/2246
              1987/907
              1988/740
              1988/995
              1988/1960
              1988/2285
    Schedule 11986/2246
              1987/1997
              1987/2158
    Schedules 2 to 41987/907
    Schedule 51987/2158
    Schedule 61987/1997
    Schedules 7 to 91986/2246
    Schedule 101986/2246
              1987/907
              1988/740
              1988/995
    Schedule 111986/2246
              1987/907
              1987/1997
              1987/2158
              1988/740
    Schedule 121986/2246
    Schedule 131986/1940
              1986/2031
              1986/2246
    Schedule 14 (partially)1986/2246
              1987/1997
              1987/2158
    Schedule 151986/2031
              1986/2246
              1987/907
              1987/2158
              1988/740
    Schedule 16 (partially)1986/2246
              1987/907
              1988/740
    Schedule 17 (partially)1986/2031
              1986/2246
              1988/740
              1988/995
              1988/1960
              1988/2285


ISBN 0 11 097583 9



Notes:

[1] 1986 c. 60

[2] 1940 c. 9 (N.I.)

[3] 1958 c. 45

[4] 1971 c. 62

[5] 1975 c. 24

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