The Financial Services Act 1986 (Delegation) Order 1987

UK Statutory Instrument 1987 No. 942 — creates 2 criminal offences.

2offences created

0recorded in force

2revoked

Made: 18 May 1987
In force from: 19 May 1987
Extent: Not stated
Subject: Corporate, financial services, company law, employment, charity, electoral and tax
Made under: Chapter V of Part I of the Financial Services Act 1986, Fair Trading under section 122(2) of the Financial Services Act 1986, Financial Services Act 1986, No. 942 FINANCIAL SERVICES The Financial Services Act 1986, Parliament pursuant to section 114(11) of the Financial Services Act 1986, Part II of the Insurance Companies Act 1982, Schedule 7 to the Financial Services Act 1986, Schedule 8 to the Financial Services Act 1986

Explanatory note

(This note is not part of the Order) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.

This Order transfers certain of the Secretary of State’s functions under the Financial Services Act 1986 to the body known as The Securities and Investments Board Limited. The functions transferred are described in articles 3, 5, 6, 7 and 8 of and Schedule 3 to the Order. Schedule 1 to the Order specifies certain functions which are not transferred. The Order transfers certain functions subject to a reservation that they are to be exercisable by the Secretary of State concurrently with The Securities and Investments Board Limited. These functions are specified in articles 4, 5 and 7 of and Schedules 2 and 3 to the Order. In addition, certain functions specified in articles 5 and 7 and Schedule 3 to the Order are transferred so as to be exercisable by The Securities and Investments Board subject to such conditions or restrictions as the Secretary of State may from time to time impose. Articles 9, 10 and 11 of the Order make certain supplementary provisions.

Offences created by this instrument

Transfer of functions article 6 · Revoked · Strict liability
Transfer of functions article 6(a) · Revoked · Strict liability

What Parliament said about it

Contributions, debates and written statements mentioning this instrument by name. Parliamentary material is reused under the Open Parliament Licence v3.0.

Business Of The House Commons · Commons Chamber · 30 April 1987
[Debate on Thursday 7 May 1. Financial Services Act 1986 (Delegation) Order 1987. 2. Financial Services (Transfer of functions Relating to Friendly Societies) Order (Northern Ireland) 1987. 3. Financial Services (Transfer of functions Relating to Friendly Societies) Order 1987.]
Financial Services Commons · Commons Chamber · 7 May 1987 · The Parliamentary Under-Secretary of State for Trade and Industry (Mr. Michael Howard)
I believe that it is. I beg to move, That the draft Financial Services Act 1986 (Delegation) Order 1987, which was laid before this House on 22nd April 1987, be approved. As the House has agreed, we are also discussing motions 4 and 5. That the draft Financial Services (Transfer of Functions Relating to Friendly Societies) Order (Northern Ireland) 1987, which was laid before this House on 22nd April. be approved. That the draft Financial Services (Transfer of Functions Relating to Friendly Societies) Order 1987, which was laid before this House on 22nd April, be approved. It is almost…
Financial Services Act 1986 (Delegation) Order 1987 Lords · Lords Chamber · 11 May 1987
Financial Services Act 1986 (Delegation) Order 1987 Lords · Lords Chamber · 11 May 1987

How Parliament handled it

Parliament's Statutory Instruments service records procedure from May 2017 onwards, and this instrument predates it. That is a limit of the source, not a statement that nothing happened.

Check the source

This instrument on legislation.gov.uk The authoritative text, including amendments made since
Other instruments from 1987