Regulation_of_Financial_Services_(Land_Transactions)_Act_2005

Regulation of Financial Services (Land Transactions) Act 2005

Regulation of Financial Services (Land Transactions) Act 2005

United Kingdom legislation

The Regulation of Financial Services (Land Transactions) Act 2005 (c 24) is an Act of the Parliament of the United Kingdom. The purpose of the Act is to allow Ijara products and flexible tenure products to be regulated by the Financial Services Authority.[2]

Quick Facts Long title, Citation ...

Section 1 - Financial Services and Markets Act 2000: regulated activities

This section inserts paragraph 23A of Part 2 of Schedule 2 to the Financial Services and Markets Act 2000.

Section 2 - Short title and commencement

Section 2(1) authorises the citation of the Act by a short title.

Section 2(2) provides that the Act came into force at the end of the period of two months that began on the date on which it was passed. The word "months" means calendar months.[3] The day (that is to say, 19 December 2005) on which the Act was passed (that is to say, received royal assent) is included in the period of two months.[4] This means that the Act came into force on 19 February 2006.

References

  1. [1]
    The citation of this Act by this short title is authorised by section 2(1) of this Act.
  2. [2]
    Explanatory notes, paragraph 8
  3. [3]
    The Interpretation Act 1978, section 5 and Schedule 1
  4. [4]
    Hare v Gocher [1962] 2 QB 641, [1962] 2 All ER 673; Trow v Ind Coope (West Midlands) Ltd [1967] 2 QB 899 at 909, [1967] 2 All ER 900, CA.


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