S.I. No. 782/2007 - Markets in Financial Instruments and Miscellaneous Provisions Act 2007 (Commencement) (No. 2) Order 2007

1. This Order may be cited as the

Markets in Financial Instruments and Miscellaneous Provisions Act 2007

(Commencement) (No. 2) Order 2007.

Commencement of section 19 of Markets in Financial Instruments and Miscellaneous Provisions Act 2007

2.

Section 19

of the

Markets in Financial Instruments and Miscellaneous Provisions Act 2007

comes into operation on 1 February 2008.

GIVEN under my Official Seal,

30 November 2007

BRIAN COWEN

Minister for Finance

EXPLANATORY NOTE

COMMENCEMENT OF SECTION 19 OF THE MARKETS IN FINANCIAL INSTRUMENTS AND MISCELLANEOUS PROVISIONS ACT 2007

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order provides for the commencement of

section 19

of the

Markets in Financial Instruments and Miscellaneous Provisions Act 2007

on 1 February 2008. This Order follows the earlier Commencement Order made on 1 November 2007 (

S.I. No. 730 of 2007

).

Section 19 amends Part V of the

Central Bank Act 1997

to provide for the authorisation and regulation of non-deposit taking lenders by the Irish Financial Services Regulatory Authority (the Financial Regulator).

S.I. No. 782 of 2007

MARKETS IN FINANCIAL INSTRUMENTS AND MISCELLANEOUS PROVISIONS ACT 2007 (COMMENCEMENT) (No. 2) ORDER 2007

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

7

th December

, 2007.

I, BRIAN COWEN, Minister for Finance, in exercise of the powers conferred on me by section 2(1) of the

Markets in Financial Instruments and Miscellaneous Provisions Act 2007

(No. 37 of 2007), hereby order as follows

Citation