There has been published on the legislation.gov.uk website the Financial Services (Banking Reform) Act 2013 (Commencement No.9) (Amendment) Order 2015.

The Order amends the Financial Services (Banking Reform) Act 2013 (Commencement No.9) Order 2015 (the 2015 Order) which brings into force certain provisions of the Financial Services (Banking Reform) Act 2013 (the Act) relating to the senior managers’ regime.

Article 2 of the new Order amends Article 2(1) of the 2015 Order which brings into force provisions in section 30 and 32 of the Act. Section 30 of the Act inserts sections 64A and 64B into the Financial Services and Markets Act 2000 (FSMA). The 2015 Order was made to bring into force these new sections on 7 March 2016 so far as they were not already in force. The effect of the new Order is that these new sections come into force on 7 March 2016 with the exception of section 64B(5) of FSMA which would have inserted the presumption of responsibility.

View Financial Services (Banking Reform) Act 2013 (Commencement No.9) (Amendment) Order 2015, 17 December 2015