<EN xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:base="http://www.legislation.gov.uk/id/ukpga/2000/8" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/en.xsd" SchemaVersion="1.0" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
				<dc:identifier>http://www.legislation.gov.uk/ukpga/2000/8/section/250/notes</dc:identifier><dc:subject>UK Parliament</dc:subject><dc:subject>Building societies</dc:subject><dc:subject>Friendly societies</dc:subject><dc:subject>Legislation</dc:subject><dc:subject>Financial service industries</dc:subject><dc:title>Explanatory Notes to Financial Services and Markets Act 2000</dc:title><dc:creator>HM Treasury</dc:creator><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2018-03-05</dc:modified>
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			</ukm:Metadata><ExplanatoryNotes><ENprelims>
<Title><Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0008">Financial Services and Markets Act 2000</Citation></Title>
<Number>8</Number>
<DateOfEnactment>
<DateText>14 June 2000</DateText>
</DateOfEnactment>
</ENprelims><Body><Division id="d00011" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6"><Title>Commentary on Sections</Title><CommentaryPart id="n00222" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/17" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/17"><Title>Part Xvii: Collective Investment Schemes</Title><CommentaryChapter id="n00230" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/17/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/17/3"><Title>Chapter <Acronym Expansion="3">III</Acronym>: Authorised unit trust schemes</Title><CommentaryP1 id="n00239" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/17/3/9" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/17/3/9">
<Title><CitationSubRef id="c00932" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/250" CitationRef="c00001" SectionRef="section-250">Section 250</CitationSubRef>: Modification or waiver of rules</Title>
<NumberedPara id="paragraph-475" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/paragraph/475" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/paragraph/475"><Pnumber>475</Pnumber><Para>
<Text>This allows the Authority to modify or waive the application of any of the trust scheme rules or scheme particulars rules in respect of authorised unit trusts.  If there is a modification or waiver of rules under this section, certain of the provisions of section 148 (relating to the modification or waiver of various other of the Authority’s rules and providing for the circumstances in which waivers or modifications will be granted) will apply.</Text>
</Para></NumberedPara>
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