Financial Services and Markets Act

HC Deb 23 November 2000 vol 357 cc317-8W

Mr. Kidney

To ask the Chancellor of the Exchequer what his target date is for N2 for the Financial Services Authority. [139844]

Miss Melanie Johnson

On 18 July 2000 I announced a target of about a year's time for the coming into force of the Financial Services and Markets Act 2000 (known as "N2").

Mr. Kidney

To ask the Chancellor of the Exchequer what secondary legislation remains to be enacted before the Financial Services Authority can start to exercise its powers under the Financial Services and Markets Act 2000. [139843]

Miss Melanie Johnson

A list of the secondary legislation to be enacted before the Financial Services and Markets Act 2000 comes into force was attached to a Treasury paper, "Financial Services and Markets Act: The Way Ahead", published in August 2000. The paper is available on the Treasury's website (www.hm-treasury.gov.ukllegislation).