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1.—(1) This Order may be cited as the Financial Services and Markets Act 2000 (Transitional Provisions and Savings) (Rules) Order 2001.
(2) This Order comes into force on the day on which section 138 comes into force.
2.—(1) In this Order—
“the Act” means the Financial Services and Markets Act 2000;
“commencement” means the beginning of the day on which section 19 comes into force;
“continued rule” means any pre-commencement provision designated in accordance with article 4 as it has effect after commencement by virtue of this Order;
“designation instrument” means an instrument made under article 4;
“pre-commencement provision” means any (or any part of any) enactment, subordinate legislation or other instrument or provision (including guidance in writing or other legible form) which, at the time when it is designated in accordance with article 4, applies to all persons who on commencement will be authorised persons or to any class of such persons.
(2) Any reference in this Order to a section or Schedule is, unless the context otherwise requires, a reference to that section of or Schedule to the Act.
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