Financial Services (Disclosure of Information) (Designated Authorities) (No. 6) Order 1989
| Jurisdiction | UK Non-devolved |
1989No. 2009
FINANCIAL SERVICES
The Financial Services (Disclosure of Information) (Designated
Authorities) (No. 6) Order 1989
31stOctober1989
2ndNovember1989
28thNovember1989
The Secretary of State, in exercise of the powers conferred on him by section 180(3) and (4) of the Financial Services Act 1986 ( a)and section 449(1B) and (1C) of the Companies Act 1985 ( b) , hereby makes the following Order:-
Citation and commencement
1. This Order may be cited as the Financial Services (Disclosure of Information) (Designated Authorities) (No. 6) Order 1989 and shall come into force on 28th November 1989.
Designation of authorities and specification of functions
2. For the purposes of section 180 of the Financial Services Act 1986,
(a) the Director General of Fair Trading is designated as an authority in relation to his functions under:(i) the Fair Trading Act 1973 ( c) (other than Part II of that Act);(ii) the Consumer Credit Act 1974 ( d) ;(iii) the Estate Agents Act 1979 ( e) ;(iv) the Control of Misleading Advertisements Regulations 1988 ( f) ;(v) the Restrictive Trade Practices Act 1976 ( g) ; and(vi) the Competition Act 1980 ( h) ; and (b) the Monopolies and Mergers Commission are designated as an authority in relation to their functions under the Fair Trading Act 1973 and the Competition Act 1980.3. For the purposes of section 449 of the Companies Act 1985 the Director General of Fair Trading is designated as an authority in relation to his functions under:-
(a) Part III of the Fair Trading Act 1973;(b) the Consumer Credit Act 1974;(c) the Estate Agents Act 1979; and(d) the Control of Misleading Advertisements Regulations 1988.(a) 1986 c.60.
(b) 1985 c.6; subsections (1B) and (1C) of section 449 of the Companies Act 1985 were inserted by paragraph 9 of Schedule 13 to the Financial Services Act 1986.
(c) 1973 c.41.
(d) 1974 c.39.
(e) 1979 c.38.
(f) S.I. 1988/915; these regulations were made under section 2(2) of the European Communities Act 1972 (c.68) to implement Council Directive No. 84/450/EEC (OJ No. L250, 19.9.84, p.17) relating to misleading advertising;
(g) 1976 c.34.
(h) 1980 c.21.
John Redwood |
|
Parliamentary Under Secretary of State, |
|
Department of Trade and Industry |
EXPLANATORY NOTE
(This note is not part of the Order)
This Order designates the Director General of Fair Trading and the Monopolies and Mergers Commission as authorities for the purposes of section 180 of the Financial Services Act 1986 in...
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