The Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Modification of Powers) Regulations 2006

Transitional provision: rules under sections 138 and 145 of the Act

This sectionnoteType=Explanatory Memorandum has no associated

14.  If, before these Regulations come into force—

(a)the Authority has taken any step mentioned in section 155 of the Act in relation to rules proposed to be made under section 138 or 145 of the Act as amended by these Regulations; and

(b)that step would have satisfied a requirement of section 155 in relation to those rules had it been taken after these Regulations come into force,

the step shall be treated as having satisfied that requirement of section 155.