More parts of Banking Reform Act take effect: The fourth Commencement Order under the Financial Services (Banking Reform) Act brings into force certain provisions relating to the competition functions of the Payment Services Regulator with effect from 1 April 2014. (Source: Banking Reform Act (Commencement No 4) Order 2014)

Treasury makes consumer credit transitional rules: Treasury has made a Statutory Instrument that preserves the effects of the "part XX" exemption for professional firms from the need to be authorised under the Financial Services and Markets Act 2000 (FSMA) where they have an interim permission to carry on consumer credit activities. (Source: Treasury Makes Consumer Credit Transitional Rules)

Treasury makes confidential information Regulations: Treasury has made two sets of Regulations, one under FSMA and one under the Banking Reform Act, addressing confidential information. The Regulations under the Banking Reform Act take effect on 28 April and set out the circumstances in which confidential information can be disclosed and to whom. The FSMA-related Regulations take effect on the same day and update existing rules in particular to take account of disclosures to the Payment Services Regulator. (Source: Treasury Makes Banking Reform Act Confidential Information Order and Treasury Amends FSMA Confidential Information Order)