Financial Services Act 1986
1986 CHAPTER 60
An Act to regulate the carrying on of investment business; to make related provision with respect to insurance business and business carried on by friendly societies; to make new provision with respect to the official listing of securities, offers of unlisted securities, takeover offers and insider dealing; to make provision as to the disclosure of information obtained under enactments relating to fair trading, banking, companies and insurance; to make provision for securing reciprocity with other countries in respect of facilities for the provision of financial services; and for connected purposes.
[7th November 1986]
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Modifications etc. (not altering text)
C1Act amended by S.I. 1988/496, art. 4
C2Act amended by S.I. 1988/803, art. 5
C3Act amended (prosp.) by Companies Act 1989 (c. 40, SIF 27), ss. 154, 155, 156(1), 215(2)
C4Certain functions under this Act (transferable in accordance with para. 28 of Sch. 11 to the Act) transferred by S.R. 1987/228, arts. 2, 3
C5Certain functions under this Act transferred by S.I. 1988/738, art. 3
C6Certain functions under this Act transferred by S.I. 1987/942, arts. 3–8, Schs. 1, 2, 3
C7Power to apply conferred (prosp.) by Companies Act 1989 (c. 40, SIF 27), ss. 154, 155, 170(4)(6), 171(5)(b), 181, 215(2)
Commencement Information
I1Act partly in force at Royal Assent see s.211(1)(2).