Prohibitions: inter-bank payment systems
- Do not use inter-bank payment system services unless you are a direct participant or meet exceptions Any Person
UK Statutory Instrument
2014
United Kingdom
The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014
At a glance
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 3
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Prohibitions: financial institution exposures
- Do not incur financial institution exposures unless exempted Any Person
Financial institution exposures: small exposures
- Do not incur financial institution exposures exceeding £100,000 Any Person
Browse 43 other sections — procedural / definitional / commencement
The European Union.
The European Atomic Energy Community.
The European Financial Stability Mechanism.
The European Financial Stability Facility.
The European Financial Stabilisation Mechanism.
The International Monetary Fund.
The Bank for International Settlements.
The European Investment Bank.
The European Investment Fund.
The Council of Europe Development Bank.
The International Bank for Reconstruction and Development.
The International Finance Corporation.
The African Development Bank.
The Asian Development Bank.
The Inter-American Development Bank.
The European Bank for Reconstruction and Development.
The Islamic Development Bank.
The International Finance Facility for Immunisation.
The Caribbean Development Bank.
The Nordic Development Bank.
The Multilateral Investment Guarantee Agency.
Citation, commencement and interpretation
Relevant financial institution
Securitisation companies and structured finance vehicles: definitions
Excluded activities: dealing in investments as principal
Excluded activities: commodities trading
Excluded activities: general exceptions
Excluded activities: securitisation and covered bonds
Excluded activities: SME exception
Excluded activities: central bank exemption
Excluded activities: derivatives
Derivatives: forward contracts and swaps
Derivatives: options and swaptions
Derivatives: general conditions
Financial institutions exposures: trade finance
Financial institutions exposure: securitisation and covered bonds
Financial institution exposures: conduit lending
Financial institution exposures: repo transactions
Financial institution exposures: ancillary exposures
Financial institution exposures: financing of infrastructure projects
Financial institution exposures: changes in status of counterparties
Prohibitions: Non-UK and non-EEA branches and subsidiaries
Transitional provision
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Structural reform approvals | Bank of England (opens in a new tab) from PRA Detailed Guidance
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
FCA
PrimaryFinancial Conduct Authority
Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …
Prudential Regulation Authority
Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …
Connected legislation
parent Act
These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.
Made under
Financial Services and Markets Act 2000 2000 Primary Act
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