Territorial extent and application
Section 85 sets out the territorial extent of the Act. That is, the jurisdictions in the UK of which the Act forms part of the law; application applies to where the Act has practical effect.
	Financial services is a reserved matter in the UK. The Act extends and applies to England, Wales, Scotland and Northern Ireland, with two exceptions. Section 73 (credit unions) and section 74 (reinsurance for acts of terrorism) extend to England, Wales and Scotland only.
	See the table in Annex A for a summary of the position regarding territorial extent and application in the United Kingdom.