This section has no associated Explanatory Notes
26(1)The financial year of the Distributor shall be the period of 12 months ending with the 31st March.E+W+S
(2)But the first financial year of the Distributor shall be the period—
(a)beginning with the coming into force of section 29, and
(b)ending with the following 31st March.
Commencement Information
I1Sch. 5 para. 26 in force at 8.7.2005 by S.I. 2005/1831, art. 2