[F1138ELimits on effect of contravening rulesU.K.
This section has no associated Explanatory Notes
(1)A person is not guilty of an offence by reason of a contravention of a rule made by either regulator.
(2)No such contravention makes any transaction void or unenforceable.
(3)Subsection (2) does not apply in relation to—
(a)rules made by the FCA under section 137C, or
(b)product intervention rules made by the FCA under section 137D.]
Textual Amendments
F1Pt. 9A substituted for ss. 138-164 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 24(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.