F1PART 9ARules and Guidance

CHAPTER 2Rules: modification, waiver, contravention and procedural provisions

Contravention of rules

138ELimits on effect of contravening rules

(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, F2...

(b)

product intervention rules made by the FCA under section 137D F3F4or

(c)

rules made by the FCA under section 137FBB F5F6or

(d)

rules made by the FCA under section 137FD F7; or

F8(e)

designated activity rules imposing under paragraph (2) of regulation 32 of the Public Offers and Admissions to Trading Regulations 2024 (withdrawal rights in connection with public offers of securities) a duty in relation to which provision made under paragraph (4) of that regulation applies.