Financial Services and Markets Act 2000 Explanatory Notes

Section 27: Agreements made through unauthorised persons

72.Under this section, agreements made by an authorised person in the course of his authorised business may also be unenforceable by that person if the agreement was entered into as a result of a third party’s unauthorised regulated activities.  This might arise if, for example, a contract was entered into as a result of investment advice given by an unauthorised third party.

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