UK Offence Report

The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003

UK Statutory Instrument 2003 No. 1294 — creates 1 criminal offence.

1offences created
0recorded in force
0revoked
Made
12 May 2003
In force from
1 September 2003
Extent
Not stated
Subject
Corporate, financial services, company law, employment, charity, electoral and tax
Made under
FINANCIAL SERVICES AND MARKETS The Financial Services and Markets Act 2000, Financial Services and Markets Act 2000

Explanatory note

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

These Regulations apply to an actuary who is, or has been, acting for an authorised person (within the meaning of the Financial Services and Markets Act 2000) and either has been appointed under or as a result of rules made by the Authority under that Act or appointed under or as a result of another statutory provision but who is subject to such rules. Such an actuary is obliged to communicate matters of which he became aware in his capacity as an actuary acting for the authorised person (or his opinion on such matters) to the Financial Services Authority in the circumstances set out in regulation 2. The obligation also applies to matters of which such an actuary has become aware in his capacity as actuary acting for a person who has “close links” with an authorised person.

Offences created by this instrument

What Parliament said about it

Hansard was searched for this instrument by name and returned nothing. That is the ordinary outcome: an instrument laid under the negative procedure is usually never debated, and becomes law without a word said about it in either House.

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.

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